Derek Thompson

Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

There's certainly a lot of regulation that you wanna get out of the way. I mean, you look at California, for example, you were just giving a beautiful summary of just how important it is for people to be able to move next to economic opportunity. If you look at the number of houses that have been permitted in the state of California,

There's certainly a lot of regulation that you wanna get out of the way. I mean, you look at California, for example, you were just giving a beautiful summary of just how important it is for people to be able to move next to economic opportunity. If you look at the number of houses that have been permitted in the state of California,

There's certainly a lot of regulation that you wanna get out of the way. I mean, you look at California, for example, you were just giving a beautiful summary of just how important it is for people to be able to move next to economic opportunity. If you look at the number of houses that have been permitted in the state of California,

Over the last 40 years, it's basically just a squiggle line down. The tragedy here, just to put a really fine point on it, is that the city wasn't gated by geography or by destiny.

Over the last 40 years, it's basically just a squiggle line down. The tragedy here, just to put a really fine point on it, is that the city wasn't gated by geography or by destiny.

Over the last 40 years, it's basically just a squiggle line down. The tragedy here, just to put a really fine point on it, is that the city wasn't gated by geography or by destiny.

Yeah, yeah. Elijah Otis invented the elevator in like the 1850s. This is not exactly a breaking technology. We chose to do this. We wrote these laws. We, people, are filing these lawsuits. We, judges, are accepting these lawsuits and determining that this building can't be built.

Yeah, yeah. Elijah Otis invented the elevator in like the 1850s. This is not exactly a breaking technology. We chose to do this. We wrote these laws. We, people, are filing these lawsuits. We, judges, are accepting these lawsuits and determining that this building can't be built.

Yeah, yeah. Elijah Otis invented the elevator in like the 1850s. This is not exactly a breaking technology. We chose to do this. We wrote these laws. We, people, are filing these lawsuits. We, judges, are accepting these lawsuits and determining that this building can't be built.

This is entirely self-inflicted, and it's why over and over again in this book, we call it a manufactured scarcity, which is like a little bit of a funny term. How do you manufacture the absence of something? No, a manufactured scarcity means... You didn't have to do this. This is a human-made rule whose purposeful goal was to make it harder to add to the supply of something.

This is entirely self-inflicted, and it's why over and over again in this book, we call it a manufactured scarcity, which is like a little bit of a funny term. How do you manufacture the absence of something? No, a manufactured scarcity means... You didn't have to do this. This is a human-made rule whose purposeful goal was to make it harder to add to the supply of something.

This is entirely self-inflicted, and it's why over and over again in this book, we call it a manufactured scarcity, which is like a little bit of a funny term. How do you manufacture the absence of something? No, a manufactured scarcity means... You didn't have to do this. This is a human-made rule whose purposeful goal was to make it harder to add to the supply of something.

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

California is already trying to change its laws, right? End single family zoning, make it easier to add accessory dwelling units called ADUs. We're changing this at the level of law. But one thing I'm very fixated on is making sure that we also communicate to people that it has to be changed at the level of mindset and even at the level of political courage.

California is already trying to change its laws, right? End single family zoning, make it easier to add accessory dwelling units called ADUs. We're changing this at the level of law. But one thing I'm very fixated on is making sure that we also communicate to people that it has to be changed at the level of mindset and even at the level of political courage.