Friday, July 29, 2016

Happy Birthday, Zoning!

I just saw this article on Bloomberg – interesting reading!

The book, Zoning Rules! by William Fischel is well-known and certainly very interesting. However, even if you assume that his thesis is correct, and that zoning is essentially a protectionist residential regulatory scheme, the argument that zoning should be essentially changed is almost self-defeating. It is certainly a political process, and although many of us have aspects of it that we'd like to change, removing it entirely is certainly not an outcome many people want no matter what impact it has on economic realities.

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