Index Investing News
Monday, May 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

The reactionary impulse – Econlib

by Index Investing News
July 8, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


This clever rejoinder by M. Nolan Gray triggered several different thoughts:

1. Let’s start with the most boring consideration—is it true?

Gray is not saying that regulation is the only factor boosting home size.  As countries get richer, the public will generally choose to consume more luxurious homes.  But regulation has tended to artificially increase housing costs.  Many suburbs have minimum lot sizes, bans on accessory dwelling units, and rules making it much more difficult to build budget multifamily housing.  The sort of small ranch houses built in Levittown during the 1950s have been outlawed in many places, and it’s much harder to get approval for the construction of apartment buildings.

2.  The initial tweet by Collins reminds me of my own reactionary impulses.  Now that I’m over 65, I find myself reflexively having this sort of reaction to all sorts of societal trends.  “What, they closed Madison schools because of a snowstorm, or below zero temps?  We had to trudge through deep snow to get to school back in the 1960s.  Back then, they never closed school because of snow or cold.”  I often have that sort of thought.

In other cases, the reactionary impulse suggests that things were easier in the past.  “We were much freer before all these government regulations.”  Or “A man used to be able to support his family without the wife having to work.”  People often overlook all the people that weren’t freer back in 1900 (blacks, gays, and women voters.)  Or they overlook the fact that (apart from a few areas like coastal California) a man can still support an entire family, if willing to live at a 1960 standard of living.

3.  This tweet is also a good example of how we tend to overlook the underlying cause of many social problems.  I’d estimate that more than 90% of the time when someone complains to me about being mistreated by a company, it’s clear to me that the underlying problem is some form of dysfunctional government regulation.  Indeed much of my interaction with the companies I most dislike (auto dealers, lawyers, insurance companies, etc.) occurs only because of regulation.  In other cases, (such as airlines and healthcare), the business is heavily distorted by regulation.

I presume that people who are NIMBYs don’t see themselves as causing young people to be unable to buy a house.  Those who oppose kidney markets probably don’t see themselves as the cause of a friend or relative dying of kidney disease.  Those who favor the War on Drugs probably don’t see themselves as the cause of high murder rates in Mexico.  Those who support spending more on various government programs probably don’t see themselves as the cause of big budget deficits (or higher taxes.)

4.  Gray’s tweet also makes me reflect on how people with different levels of talent interact with each other on social media.  One of the pleasures of following a talented tweeter like Matt Yglesias or Razib Khan is watching them pull this sort of judo move on an overconfident upstart that is in way over their head. If done with a sense of humor, it can be quite amusing.  It’s not my forte, however, which is why I stick to blogging.





Source link

Tags: Econlibimpulsereactionary
ShareTweetShareShare
Previous Post

EQT Exeter Picks UP 905 KSF Industrial Asset in DFW

Next Post

Why Digital-Assets Infrastructure Platform Zumo Made Edinburgh, Scotland Its Crypto Hub

Related Posts

Donald Trump delays threatened 50% tariffs on EU to July 9

Donald Trump delays threatened 50% tariffs on EU to July 9

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch e-newsletter at no costYour information to what Trump’s second time period means for Washington, enterprise...

Billy Joel: My Life – The Massive Image

Billy Joel: My Life – The Massive Image

by Index Investing News
May 25, 2025
0

    Bob Lefsetz: We are inclined to assume life has an on/off change. You’re both alive or your useless....

How is the Federal Reserve reacting to Donald Trump’s commerce conflict?

How is the Federal Reserve reacting to Donald Trump’s commerce conflict?

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch publication at no costYour information to what Trump’s second time period means for Washington, enterprise...

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch e-newsletter without costYour information to what Trump’s second time period means for Washington, enterprise and...

The Ethics of Inequality – Econlib

The Ethics of Inequality – Econlib

by Index Investing News
May 25, 2025
0

In an period marked by rising tensions over social justice, wealth redistribution, and the position of the state, it's sensible...

Next Post
Why Digital-Assets Infrastructure Platform Zumo Made Edinburgh, Scotland Its Crypto Hub

Why Digital-Assets Infrastructure Platform Zumo Made Edinburgh, Scotland Its Crypto Hub

Coinbase Knew It May Have Been Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims

Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator Claims

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

I am a ‘time traveller from the year 3,000’ – Here’s the exact month the US Navy will come into contact with ALIENS

I am a ‘time traveller from the year 3,000’ – Here’s the exact month the US Navy will come into contact with ALIENS

October 22, 2022
Biden admin begins notifying approved student loan relief applicants

Biden admin begins notifying approved student loan relief applicants

November 20, 2022
Almost 600 wildfires ‘out of control’ in Canada — RT World News

Almost 600 wildfires ‘out of control’ in Canada — RT World News

July 18, 2023
BPV Basis Launches CBT for Cellular P2E Recreation ‘Protection&Steal Conflict’ By Chainwire

BPV Basis Launches CBT for Cellular P2E Recreation ‘Protection&Steal Conflict’ By Chainwire

August 21, 2024
Illusion of Trump turns to disillusion in America

Illusion of Trump turns to disillusion in America

April 9, 2023
Visions Volume Two Promises A Global Imagination

Visions Volume Two Promises A Global Imagination

February 13, 2023
How Ingrid Michaelson Made ‘The Notebook’ Into a Musical

How Ingrid Michaelson Made ‘The Notebook’ Into a Musical

March 10, 2024
The Federal Youngster Tax Credit score Allowed Some Mother and father to Go It Alone

The Federal Youngster Tax Credit score Allowed Some Mother and father to Go It Alone

August 16, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In