Krugman: Land Use Regulations Block Affordable Housing Development

Economist Paul Krugman said in an op-ed last month that overzealous urban zoning laws and land use regulations restrict the supply of urban housing, causing prices to rise and driving low income families out of city centers.

Must Read

Epstein Latest: Did Guards Falsify Records?

Ben Swann takes a look at the latest in the death of Epstein, including the autopsy results, the claim...

Reality Check: Rep. Omar’s Comments On Israel Were Not Anti-Semitic

Leading House Democrats, including Nancy Pelosi plan to offer a resolution Wednesday condemning anti-Semitism in response to Congresswoman Ilhan...

Reality Check: Will U.S. Use “Humanitarian Aid” As Justification for Regime Change in Venezuela?

Is the U.S. military under the Trump administration about to forcibly create regime change in Venezuela? For months I have...
Barry Donegan
Barry Donegan is a writer, musician, and pro-liberty political activist living in Nashville, TN. Donegan served as Director-at-Large of the Davidson County Republican Party from 2009-2011 and was the Middle Tennessee Regional Coordinator over 30 counties for Ron Paul's 2012 Presidential Campaign. Follow him at facebook.com/barry.donegan and twitter.com/barrydonegan

Nobel prize winning economist Paul Krugman, a self-described liberal, took an unexpectedly free-market oriented stance on zoning laws and land use restrictions in a Nov. 30 op-ed for The New York Times.

In his article on urban gentrification and affordable housing, Krugman asked rhetorically, “But what about all the people, surely a large majority, who are being priced out of America’s urban revival? Does it have to be that way?

[RELATED: Exclusive Interview: Dr. Boulet on the Fallacies of Paul Krugman]

[pull_quote_center]The answer, surely, is no, at least not to the extent we’re seeing now. Rising demand for urban living by the elite could be met largely by increasing supply. There’s still room to build, even in New York, especially upward. Yet while there is something of a building boom in the city, it’s far smaller than the soaring prices warrant, mainly because land use restrictions are in the way.[/pull_quote_center]

Yes, this is an issue on which you don’t have to be a conservative to believe that we have too much regulation,” added Krugman.

[RELATED: FEE: Krugman Is Clueless About Bitcoin]

The Washington Post’s Ilya Somin pointed out the fact that a growing number of left-leaning public policy wonks are beginning to oppose overzealous zoning laws. “Libertarians and other free market advocates have criticized zoning on such grounds for decades, at least as far back as the late Bernard Siegan’s classic 1972 book Land Use Without Zoning. Present-day pro-market scholars such as Steve Horwitz and Harvard economist Edward Glaeser have continued in a similar vein. More recently, however, the critique of zoning has been taken up by prominent left of center commentators,” he wrote, listing Paul Krugman, Council of Economic Advisers chairman Jason Furman, Stony Brook University assistant professor of finance Noah Smith, and Matthew Yglesias as examples.

Somin said that he finds left-leaning opposition to zoning laws “particularly significant” because “the most liberal cities also tend to be ones with the most restrictive zoning laws” and “it would be good if more politically influential liberals become aware of the problem, and began [to] advocate measures to curb zoning.

- Advertisement -
- Advertisement -

Latest News

video

Epstein Latest: Did Guards Falsify Records?

Ben Swann takes a look at the latest in the death of Epstein, including the autopsy results, the claim...
video

Reality Check: Rep. Omar’s Comments On Israel Were Not Anti-Semitic

Leading House Democrats, including Nancy Pelosi plan to offer a resolution Wednesday condemning anti-Semitism in response to Congresswoman Ilhan Omar’s latest remarks on Israel. House...

Reality Check: Will U.S. Use “Humanitarian Aid” As Justification for Regime Change in Venezuela?

Is the U.S. military under the Trump administration about to forcibly create regime change in Venezuela? For months I have been saying that would not...

See Ben Swann Speak In Miami!

In partnership with Keynote, Isegoria- spearheaded by Truth In Media founder Ben Swann- is sponsoring 50 tickets to the world’s most influential community members
video

Introducing ISE Media Network!

ISE Media Network is a 24-hour news and entertainment streaming platform built with blockchain technology in response to the widespread systematic censorship of independent...
- Advertisement -

More Articles Like This

- Advertisement -