Two posts this morning caught my attention. The first is linked above and is familiar ground. The second is an excellent blog - The Sports Economist - and a post on subsidies for sports arenas.
Our recent experience in government involvement in housing confirms a great deal of the underlying rational for the ABCT. That said, given the 20 facts about housing, the continued set of informal institutional support for government intervention in markets and the expansion of government - I wonder to what extent short and intermediate growth in our country will be retarded. Or, will the impact be more severe as Paul Krugman fears and a Japanese style stagnation?
Thursday, May 19, 2011
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