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Indeed. Relax zoning and restrain from subsidization. That should be the primary approach. But it's not free market zealotry. Interventions aren't ruled out, th
by wahern 8y ago
Indeed. Relax zoning and restrain from subsidization. That should be the primary approach. But it's not free market zealotry. Interventions aren't ruled out, they should just be at the back of your playbook.
It's naive to think you can manufacture sustainability (i.e. a cost efficient, opportunity maximizing environment) out of whole cloth. If you intervene don't expect your money back, at least not in a way that let's you balance the books in this lifetime. You're intervening to achieve some specific social objective, then it's manifestly unlikely to produce an economic surplus that can be easily captured, even if it does produce a surplus. If someone says you can have your cake (low-income housing near economic opportunity, ubiquitous mass transit) and eat it too (pays for itself), it's probably a lie. Yes, it happens; but so does winning the lottery. But you don't build a legitimate budget on a pile of lottery tickets.