Favorites July 12th 2023
Despite the fact that people often think that families need lower density homes, it turns out that it's all one market. Building dense apartments makes space for more families.
Flying in from out of state for shifts seems pretty crazy, but I was actually surprised that there weren't more who are commuting from further inland, but the vast majority live in the bay area: "More than 95 percent of police department employees, and about 85 percent of the fire department"
This is all means lower than expected inflation. here's Furman's thread, which has many nice graphs. Wolfers also points out that the 'misery index' (unemployment + inflation) is unusually low in a historical context. The view that it's better to over stimulate and then handle inflation afterwards seems to have been proven right.
Mollick goes on with a few other huge direct costs of US nuclear weapons development. When you watch CGP Grey's video about Nevada, this segment really drives through what a ridiculous amount of nuclear testing we did out in the open there.
Threads
• Long thread from a Sunnyvale city council member on the huge amount of new housing in their Moffett park plan, 20k homes.