After a campaign full of vitriol, the two major parties have finally found something they can agree on: The housing market needs more government intervention. Something tells me that our housing affordability crisis isn’t being caused by a lack of access to credit:
Daniel Wild criticised the Coalition’s home loan policy saying that the government needs to “address structural supply and demand issues in the market”. John Roskam was more direct, telling the SMH “this is just awful”. In the IPA Review last year, Daniel Press from the Competitive Enterprise Institute wrote: “the [US] government’s [pre-GFC] meddling in the mortgage market… ultimately brought financial devastation.”
Harvard University has removed a faculty dean for the crime of representing a person the student mob has already declared guilty. It didn’t matter that Ronald S. Sullivan was the first African-American Dean of Winthrop House or that his work helped free 6,000 wrongly incarcerated people, his decision to represent Harvey Weinstein fell afoul of a university unwilling to stand for the principle of innocent until proven guilty.
Here’s two politicians we can get excited about. First Governor Brad Little repealed Idaho’s entire regulatory code. Second, Norway’s new public health minister Sylvi Listhaug has stated “people should be allowed to smoke, drink and eat as much red meat as they like .” The global nanny staters were horrified – the Australian Medical Association referred to her as the “Minister for Bad Health.”
Only a city full of bureaucrats could come up with something like this – a creepy new bill introduced in Washington DC’s city council last week will allow ordinary citizens to issue parking tickets, as reported by Reason.
Article of the week:
Last week in National Post, Jordan Peterson explored the radical implications of a doctrine of equity that he describes as “egregious, self-righteous, historically-ignorant and dangerous.” The belief that all disparities in society are caused by systematic prejudice requires a radical bureaucratic response to reverse outcomes brought about by people’s free choices.
IPA Staff Pick:
Each week an IPA staff member shares what they have enjoyed recently. Today: Peter Gregory
Whilst free market economists correctly define the cause of poverty as bad institutions, actually doing anything about that is notoriously difficult. Blockchain offers a solution. As Dr Chris Berg and Dr Darcy Allen from the RMIT Blockchain Innovation Hub wrote in this fascinating piece for the Foundation for Economic Freedom last week, blockchain can solve this problem by allowing entrepreneurs to create “new institutions…in competition with the existing set of institutions.”
Here’s what else the IPA said this week:
- Daniel Wild, Latest first home buyers policy is shortsighted and likely to create a bubble – The Daily Telegraph
- Evan Mulholland, Election panel – who has the best housing policies? – ABC RN Drive
- Daniel Wild, Coalition housing policy a mistake – 2GB Overnight with Michael McLaren
- Evan Mulholland, We should cut red tape on housing – Sky News Weekend