Making Housing Unaffordable

You know, it almost seems as if there were some sort of relationship between the price of something and the supply of it. Maybe cities like LA and SF and Seattle who constantly complain about housing costs should look into this? But they won't because they are acting on behalf of wealthy incumbent homeowners who can afford to trade off high housing costs for more "open space".



Chart courtesy of AEI and Mark Perry

We Don't Need No Stinkin' Energy Policy

Mark Perry noticed how the US oil and gas industry has pivoted over the last few years from producing more gas produce more oil. How could this possibly have happened without a National Energy Policy directing them to do so? Is it possible that this occurred simply because the market price of gas fell while the market price of oil was rising?