Thinker101
Diamond Member
- Mar 25, 2017
- 24,397
- 14,351
- 1,415
The U.S. can’t build the things it needs to flourish in the 21st century, and permitting rules and not-in-my-backyard resistance is to blame, a high-profile economist writes.
The latest absurdity was a plan to build student housing in Berkeley being blocked by a court, which said the university had to study whether students themselves were an environmental hazard.
Housing starts still have not recovered to pre-2008 levels and have recently started to deteriorate in the face of surging mortgage rates. Green energy projects, despite ample federal funding, have run into difficulty, which Smith blames on the difficulty in getting parts and materials from China as well as not-in-my-backyard opposition. No green projects have been built after the Inflation Reduction Act allocated $400 billion.
The U.S. is a 'build nothing' country, says economist, earning an endorsement from Elon Musk
The latest absurdity was a plan to build student housing in Berkeley being blocked by a court, which said the university had to study whether students themselves were an environmental hazard.
Housing starts still have not recovered to pre-2008 levels and have recently started to deteriorate in the face of surging mortgage rates. Green energy projects, despite ample federal funding, have run into difficulty, which Smith blames on the difficulty in getting parts and materials from China as well as not-in-my-backyard opposition. No green projects have been built after the Inflation Reduction Act allocated $400 billion.
The U.S. is a 'build nothing' country, says economist, earning an endorsement from Elon Musk