Let Them Eat Cake

Let Them Eat Cake

From Risk of Ruin by Half Kelly Media

December 8, 2025 · 1h 41m

About this episode

This episode discusses the drastic measures taken by governments to address the housing shortage in the U.S. and the conditions that led to this situation.

A very specific housing related bet. How did we go from The Big Short... to a housing shortage in such a short time? Governments in seemingly disparate places are having to take drastic measures to enable more housing development. This episode is about how those conditions materialized in the United States, and also whether anything can be done to ameliorate the situation. Kevin Erdmann is a Senior Affiliated Scholar at the Mercatus Center. Kevin’s SubstackFollow Kevin on TwitterBen Bea...

People in this episode

Guest: Kevin Erdmann

Topics covered

  • housing development
  • government policy
  • housing shortage
  • economic conditions
  • real estate investing

Keywords

  • housing
  • real estate
  • government measures
  • economic policy
  • Kevin Erdmann

Mentioned in this episode

Organizations: Mercatus Center

Books & works: The Big Short

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