I usually try not to post too hysterically because it's not strategically useful, but you really do need to admit that the completely hysterical anti-Trumpers were right about everything.
People are always attempting to sanewash Trump's latest idiocy, and it always fails.
He doesn't have complicated geopolitical theories about war and peace. He just likes Russia and likes Putin. That's it. Every idea more complicated than that fails.
He doesn't have 5D chess strategies for how tariffs can reorder the international economy. He thinks tariffs are big and tough and manly and will 'beat' the other side. He's just a dumb fucking guy who doesn't understand economics.
Recently Richard Hanania wrote an article about how - despite his belief that the GOP is a party of lazy, conspiratorial, bigoted, anti-democracy morons - he's going to vote for them anyways.
His reasoning? Economic growth.
This is very dumb, and deserves a thorough rebuttal.
First: It's kind of insane to *only* care about economic growth. But let's concede the point. Say that literally all you care about is growth - what next?
Even in that case, it's a terrible idea to support Trump. He has terrible ideas and would be a disaster for the economy.
Let's start with tariffs. Trump wants a 10% global tariff on everything. Maybe the single worst idea in a generation - it would make the US poorer instantly.
Economists are pretty much universally in agreement this is a bad, bad, bad idea.
The 'empty quadrant' is one of the most replicated findings in housing research.
There expensive cities that don't build. There are cheap cities that do build. And there are no cities that build lots of housing and still see very high housing costs.
But that chart's data only goes through 2013, you say! Sure. What if we use a completely different data source and time period?
Top right quadrant is still empty.
It works for both overall price level as well as *changes* in price level.
No city that has large increases in inventory also sees increases in housing cost. Upper right still empty.