Liberating housing: a free-market approach

 

‘If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.’

This famous quote by Ronald Reagan was meant to be a summary of governments’ approach to economic activity in general, but it is difficult to think of a more fitting contemporary example than the British housing market. Choked by an absurdly restrictive planning system, it stopped moving long ago. We have now reached the point where policymakers are thinking about how to ‘boost’ homebuilding, through incentive measures like the New Homes Bonus.

Read the full blog post here

Source: http://www.iea.org.uk/blog/liberating-housing-a-free-market-approach

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