korrents

Our readingWhat is a korrent?

The era of cheap borrowing has ended, making large-scale government housing investments difficult.

Drawn from what Jerusalem Demsas said

What these subjects mean

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

housing What a place to live costs and why: how much gets built, zoning, and who is blamed for the price.

What Jerusalem Demsas actually said

  1. Jerusalem Demsas American journalist; founder and editor-in-chief…
    The era of cheap borrowing has come to an end. If the government wants to make large capital investments or spin up brand-new programs, it will have to either raise a lot of taxes (in the middle of a de facto tax revolt) or else borrow even more money, putting existing programs like Medicare or Social Security at risk.

Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us

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