<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><a href="http://www.bloombergview.com/articles/2015-12-04/your-landlord-hurts-growth-and-aggravates-inequality">http://www.bloombergview.com/articles/2015-12-04/your-landlord-hurts-growth-and-aggravates-inequality</a><div><br></div><div><div data-view-uid="1|0_6_2"><article class="article_content"><div class="metadata"><h1 class="headline" itemprop="name headline">Your Landlord Is a Drag on Growth</h1>
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<span class="comment_count">159</span>
<time class="timestamp" datetime="2015-12-04T13:00:13.845Z" itemprop="datePublished">Dec 4, 2015 8:00 AM EST</time>
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By
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<a href="http://www.bloombergview.com/contributors/noah-smith" rel="author">
Noah Smith
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<div class="article_body" itemprop="articleBody"><p>After many decades of essentially ignoring the role of land,
economists are starting to reconsider. Some are worried that landlords
are <a href="http://www.bloombergview.com/articles/2015-09-09/the-threat-coming-by-land">hurting growth</a>
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. </p><p>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... </p></div></article></div></div></body></html>