Must-Read: I could wish for a little more attention to the on-the-ground dynamics of local political economy. In California, it was the right-wing anti-property tax revolt (yes, I’m looking at you, Proposition 13, Jarvis, and Gann) that shifted local governments from being broadly pro-development to regarding developments as burdens that required more in services than … Continue reading Must-Read: Chang-Tai Hsieh and Enrico Moretti: How Local Housing Regulations Smother the U.S. Economy