[Occupymendocino] Landlord drag on growth

[Richard Karch]

http://www.bloombergview.com/articles/2015-12-04/your-landlord-hurts-growth-and-aggravates-inequality

Your Landlord Is a Drag on Growth

159 Dec 4, 2015 8:00 AM EST
By Noah Smith
After many decades of essentially ignoring the role of land, economists are starting to reconsider. Some are worried that landlords are hurting growth by making it too expensive to live in highly productive cities. Now, some are starting to think about how land figures in the rise in inequality. 

The basic idea is that landlords use their local political power to stack the deck. Using their money and connections to sway local elections, they can influence politicians to enact land-use  regulations that keep out other people and businesses. That gives them a so-called first mover advantage that... 
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