The Economist on Matthew Rognlie’s theory linking inequality to housing.

The Economist on Matthew Rognlie’s theory linking inequality to housing. — “The return on non-housing wealth, in fact, has been remarkably stable since 1970 (see chart). Instead, surging house prices are almost entirely responsible for growing returns on capital.”

Advertisements

Mackenzie Wark on Keller Easterling’s new book on infrastructure, ‘Extrastatecraft’

Mackenzie Wark on Keller Easterling’s new book on infrastructure, ‘Extrastatecraft’ — “Infrastructure is how power deploys itself, and it does so much faster than law or democracy.”