Jan 7, 2016 • 52M

Randal O'Toole on Rising Rents

 
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Bob Zadek
Bob talks about the issues that affect our lives on a daily basis from a purely libertarian standpoint. He believes in small government, fewer taxes, and greater personal freedom.<br /><br />America has lost its way, but it cannot and does not need to be reinvented. Our founders were correct about their approach to government, as were John Locke, Adam Smith and the other great political philosophers who influenced them. The country’s first principles are economic and social freedom, republicanism, the rule of law, and liberty. Bob believes we must take the best of our founding principles and work from them because a country without principles is just a landmass.
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The Cato Institute’s Randal O’Toole (aka the @antiplanner) returns to the show to discuss the epidemic of rising rents in metropolitan areas across America. As usual, planners at the federal, regional, and local levels have a policy solution in search of a problem, and are creating new problems in the process. They cite the lack of affordable urban housing near public transit as justification for “growth management”, but their plans end up discouraging developers from increasing the supply of the most-needed kinds of housing. Basic economics predicts the devastating endgame for the lower and middle classes: The rent is too damn high. One solution, on which even partisans can agree, is land deregulation. Yet top-down urban transformations like Plan Bay Area, for example, continue to rule the day. While O'Toole grants that some planning and regulation is necessary to minimize the negative externalities of large numbers living in urban areas, he argues that “urban planning itself has become the externality.” Tune in for the show of ideas, not attitude – on Talk910.com or 910AM in the SF Bay Area.

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