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Hsieh-Moretti on Housing Regulation: A Gracious Admission of Error – Econlib
- jtolds 6y agoSummary: Hseih and Moretti enormously understated the cost of housing regulation. From https://twitter.com/ESYudkowsky/status/1379175006387638273 https://twitter.com/ESYudkowsky/status/1379175006387638273: "Starting with perfect mobility, the second row in Table 4 shows the effect of changing the housing supply regulation only in New York, San Jose, and San Francisco to that in the median US city." The figure of 8.9% higher NATIONAL GDP is an error, it's actually *36%*!