Tom Maguire: Joint DeLong/Krugman Smackdown Watch

Tom Maguire wrote:

I am intrigued by the Flatland versus the Zoned Zone analysis Prof. Krugman delivered in 200? and reprised in a recnrt "Georgia On My Mind" column....

When it comes to housing, however, the United States is really two countries, Flatland and the Zoned Zone. In Flatland, which occupies the middle of the country, it's easy to build houses. When the demand for houses rises, Flatland metropolitan areas, which don't really have traditional downtowns, just...