Kevin Erdmann is an independent researcher and blogger at Idiosyncratic Whisk, where he explores economic and financial topics such as housing, investment, and speculation. He is also the author of an upcoming book titled, *Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy*, and he joins the show today to discuss it. David and Kevin also break down the housing shortage problem, as they explore how the limited supply of housing in close access cities may have helped fuel the Great Recession. NOTE: Although stated in the episode, Kevin's book was renamed to Shut Out. Locked Out was simply the working title at the time of the recording. Link to the book: https://rowman.com/ISBN/9781538122150/Shut-Out-How-a-Housing-Shortage-Caused-the-Great-Recession-and-Crippled-Our-Economy Discount code: 4S18MERC30 Transcript for the episode: https://www.mercatus.org/bridge/podcasts/01282019/were-we-all-wrong-about-great-recession Kevin's Twitter: @KAErdmann Kevin's blog: http://idiosyncraticwhisk.blogspot.com/ Related Links: *A Slide Deck on the Bubble and Crisis* by Kevin Erdmann http://idiosyncraticwhisk.blogspot.com/p/a-slide-deck-on-bubble-and-crisis.html *Housing: Part 238 – Home Price Changes Over Time* by Kevin Erdmann http://idiosyncraticwhisk.blogspot.com/2017/06/housing-part-238-home-price-changes.html *Why Do Cities Matter? Local Growth and Aggregate Growth* by Enrico Moretti & Chang-Tai Hsieh https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=1045&context=housing_law_and_policy David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

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“What did the council decide on item 42?” — answered with the speaker and the moment.