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Three neoliberal ideas from Barack Obama

Here’s another reason to be cheerful: Barack Obama’s final days as President are taking a neoliberal turn. He’s just spoken out against planning regulations in America’s cities. This is a huge limit on growth – maybe bigger than in the UK. By constraining the supply of housing in places people want to live, like New York and San Francisco, and keeping people in less-productive places, building and zoning regulations are an significant drag on productivity growth – a recent NBER working paper estimated that the costs were equivalent to 13.
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