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Oracle.com slash bandwidth. This is John Batchel. Conversation with Professor John Cochran

of the Hoover Institution about regulation, deregulation, smart regulation. I learn a deal about how much

it cost when you regulate a property that

would otherwise be on the marketplace at a much more attractive pricing. In Argentina, the

estimate is anything is regulated costs 30% more than necessary. Deregulate and the prices

plus 30%. Here, John turns his attention to housing in California.

Why is it so expensive?

Why are there so many people without adequate housing?

Why does it take so long to build housing?

The answer is regulation.

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