The government-sponsored cartelization of the American economy over the past century has been a major driver of the inversion of state and federal power, creating a poisonous effect on constitutional democracy and free competition.
Cities’ Favorite Affordable Housing Tool Doesn’t Build Housing. It Blocks It.
Across the country, many cities have settled on the same fix for housing shortages: order developers to include affordable units in every new project, or charge a fee if they don’t. Boston does it. So does San Francisco, Chicago, and Denver. The pitch is that affordability comes free, paid for by the market-rate units next...