"Tokyo often builds more housing in a year than all of California or all of England, which have 3x and 4x its population. The only way for rents to stay low in the long run is to build, build, build."

An important piece that gives context to how post-colonial economic regulations, loan restrictions and more led to weakened public health systems.

"Locked in a low-growth trap, South Africa's fiscal and macroeconomic situation is unsustainable, not only economically but also politically. To salvage the country's democratic project, the government must offer a credible, comprehensive _...Read More_

"Understanding the shifting balance of social forces, interest groups and political factions is essential to see how China escaped the shock therapy that brought down the Soviet Union."

"The more power a class has, the greater its potential to appropriate a larger share of societal income. When excess profit begins to damage the economy in general, the political pressure mounts for an arrangement more favorable to wages. _...Read More_

"The Hall of Fame for Catastrophic Geopolitical Decisions is concluding its first-ballot induction of the decision to nation-build in Afghanistan. After we acknowledge the recency bias, and stop blaming Biden or Trump, we can ask W to _...Read More_

"Democrats don’t lose elections because of rising prices. They lose when they cut spending and raise interest rates, sacrificing other goals at the altar of price stability."