Articles
Money and Power: Historical Lessons for Stablecoins and U.S. Dollar Dominance
Economics Working Paper 26126
September 8, 2026
John Cochrane examines the government’s role in housing, from restricting development to subsidizing low-income options to giving preferential treatment to homeowners. The good news? Some of the more extreme distortions are generating a backlash that may lead to more affordable housing in the not-too-distant future.
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