Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 May 2015 Leave a comment
in economics of regulation, politics - New Zealand, urban economics
The RMA is the Resource Management Act and was passed just before New Zealand housing prices started to rise rapidly. Was this introduction of much stronger restrictions on the supply of land, followed by a 20 year long rise in the price of land housing more than a coincidence?
Source: Dallas Fed; Housing prices deflated by personal consumption expenditure (PCE) deflator.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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