Tag: housing

All essays tagged "housing".

• Case Study·Case Study

  Case Study: California's Permit Trap

  A single state's housing-permit pipeline as a worked example of what 'institutional friction is the product' actually means in practice.

  Mar 28, 2026·2min read
• Essay·Distribution

  The Rentier Decade

  What happens to a society when the rate of return on holding things outpaces the rate of return on making things, for fifteen years running.

  Mar 4, 2026·2min read
• Essay·Institutions

  The Permit Society

  Institutional friction is not a side effect of regulation; it is the principal product of late-stage developed-economy governance.

  Feb 22, 2026·2min read