The Laurier Institute for the Study of Public Opinion and Policy @lispop.bsky.social · 18/06/2026By conducting a more nuanced analysis of the same housing data, we have a different conclusion. There are lots of reasons for this. One is a widespread lack of economic literacy. 100
The Laurier Institute for the Study of Public Opinion and Policy @lispop.bsky.social · 18/06/2026Elmendorf, Nall and Okobdzija (2025) studied the prevalence of supply skepticism and found that a 1/3 of those surveyed believed housing prices would go up if supply increased. Amazingly, the same study found 85% of respondents correctly believed that an influx of used cars would reduce the price 100
The Laurier Institute for the Study of Public Opinion and Policy @lispop.bsky.social · 18/06/2026Another problem is ideology. It’s common on the academic center-left to reject the central premise of macroeconomics that price is a product of supply and demand, preferring instead to emphasize the role of corporate power. 100
