I do understand the basic instinct of "this problem is really bad so we must do something...and now!" I would suggest that we keep in mind the less obvious, but no less important intuition: "this problem is really bad and that means a lot of what we are tempted to do could make it even worse."
—Tyler Cowen on taxing China
California Democrats stage internal war over Gavin Newsom's late push to
build more housing
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Governor is drawing heavy resistance to his housing development proposal.
5 hours ago
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