In a column intended to attract readers, not to promote hard economics, Rotman University economist Richard Florida declares that home ownership is terrible for the US Economy.
The problem is, like many economists,** Florida’s understanding of home ownership is 180 degrees ass-backwards**. Florida thinks that home ownership is supposed to cause economic growth.
Instead of leading to economic development, higher rates of homeownership today are associated with lower levels of it.
Read more →I’m proud to know David Rose. Dr. Rose is chairman of UMSL’s economics department. He’s also the President of the Discussion Club, one of St. Louis’s most valuable intellectual assets.
In this interview with Russ Roberts, Dr. Rose discusses his new book Moral Foundations of Economic Behavior.
This is great stuff for everyone, especially economic liberty fiends like me.
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