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Housing Restrictions Hit Harder than Tariffs

The free market has played a major role in reducing global poverty and increasing wealth, largely through mechanisms like free trade and international labor specialization. However, for large countries like the U.S., other aspects of economic freedom—such as strong property rights, limited government spending and flexible labor markets—are even more crucial to growth. While many economists oppose tariffs, too few speak out about harmful domestic policies like housing construction restrictions, which significantly hinder economic progress.

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