Ezra Klein

And we do that through a million things, covenants and HOAs and all these sort of contracts who make people enter into so they can't even build on their own land. But one of the things that just happens...

And we do that through a million things, covenants and HOAs and all these sort of contracts who make people enter into so they can't even build on their own land. But one of the things that just happens...

when you constrict the supply of housing is that people who got in when the getting was good, you know, I mean, it's a classic story in New York and LA and SF, you know, you bought a place in 1977 for $220,000 and now it's worth $2.7 million and maybe you'll pass it on to your kids or you sell it. But the working class families can't afford to live there anymore.

when you constrict the supply of housing is that people who got in when the getting was good, you know, I mean, it's a classic story in New York and LA and SF, you know, you bought a place in 1977 for $220,000 and now it's worth $2.7 million and maybe you'll pass it on to your kids or you sell it. But the working class families can't afford to live there anymore.

when you constrict the supply of housing is that people who got in when the getting was good, you know, I mean, it's a classic story in New York and LA and SF, you know, you bought a place in 1977 for $220,000 and now it's worth $2.7 million and maybe you'll pass it on to your kids or you sell it. But the working class families can't afford to live there anymore.

So that's not even a question of redistribution. Sometimes what you need in order to create the possibilities for opportunity and mobility is enough supply of the thing. At the same time, we don't think that redistribution is the problem here. I'm pro-redistribution. I'm pro-more redistribution than we currently do.

So that's not even a question of redistribution. Sometimes what you need in order to create the possibilities for opportunity and mobility is enough supply of the thing. At the same time, we don't think that redistribution is the problem here. I'm pro-redistribution. I'm pro-more redistribution than we currently do.

So that's not even a question of redistribution. Sometimes what you need in order to create the possibilities for opportunity and mobility is enough supply of the thing. At the same time, we don't think that redistribution is the problem here. I'm pro-redistribution. I'm pro-more redistribution than we currently do.

But to give one example of the way these can be great days to go together, Derek tells in the book at some great length the story of Operation Warp Speed. And here you have in the mRNA vaccines technology that was critically funded by public money, specifically DARPA at different points.

But to give one example of the way these can be great days to go together, Derek tells in the book at some great length the story of Operation Warp Speed. And here you have in the mRNA vaccines technology that was critically funded by public money, specifically DARPA at different points.

But to give one example of the way these can be great days to go together, Derek tells in the book at some great length the story of Operation Warp Speed. And here you have in the mRNA vaccines technology that was critically funded by public money, specifically DARPA at different points.

Then hastened, you know, after COVID, government through Operation Warp Speed under Donald Trump, you know, really tried to clear out regulatory cruft, move these things really fast. But the demand on the side of the public for having funded so much of this, for having made so much possible, was that when these vaccines hit, they were going to be free.

Then hastened, you know, after COVID, government through Operation Warp Speed under Donald Trump, you know, really tried to clear out regulatory cruft, move these things really fast. But the demand on the side of the public for having funded so much of this, for having made so much possible, was that when these vaccines hit, they were going to be free.

Then hastened, you know, after COVID, government through Operation Warp Speed under Donald Trump, you know, really tried to clear out regulatory cruft, move these things really fast. But the demand on the side of the public for having funded so much of this, for having made so much possible, was that when these vaccines hit, they were going to be free.

maybe the most important medical advance of that entire era. And it wasn't going to be like Ozempic, say, where it's, you know, $15,000 for a year of doses, right? It wasn't going to be only available to the richest people at the beginning. We were going to try to give it to everybody, sorted by need to the best that we could, and it would be free.

maybe the most important medical advance of that entire era. And it wasn't going to be like Ozempic, say, where it's, you know, $15,000 for a year of doses, right? It wasn't going to be only available to the richest people at the beginning. We were going to try to give it to everybody, sorted by need to the best that we could, and it would be free.

maybe the most important medical advance of that entire era. And it wasn't going to be like Ozempic, say, where it's, you know, $15,000 for a year of doses, right? It wasn't going to be only available to the richest people at the beginning. We were going to try to give it to everybody, sorted by need to the best that we could, and it would be free.

Now, you're not going to do that with everything, right? There are places for the price signal to actually function and where it can function to then bring on more supply later. And, you know, there's all the econ 101 stuff that we all know. But There are a lot of places where redistribution and supply increases go hand in hand.

Now, you're not going to do that with everything, right? There are places for the price signal to actually function and where it can function to then bring on more supply later. And, you know, there's all the econ 101 stuff that we all know. But There are a lot of places where redistribution and supply increases go hand in hand.

Now, you're not going to do that with everything, right? There are places for the price signal to actually function and where it can function to then bring on more supply later. And, you know, there's all the econ 101 stuff that we all know. But There are a lot of places where redistribution and supply increases go hand in hand.