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Real estate is China's economic Achilles heel
It's the country's biggest engine of growth an employment, financial asset, and source of government revenue.
 • 
Noah Smith
83
Where does libertarianism go from here?
Deregulation, state capacity, and growth-oriented centrism.
 • 
Noah Smith
222
At least five interesting things to start your week
Nvidia's triumph, "greedflation", public housing, Atlanta vs. Los Angeles, and what the UK gets right
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Noah Smith
105
The debt ceiling deal: What was the whole point?
A manufactured crisis leads to an ineffectual "solution"
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Noah Smith
175
Is immigration raising rents in America?
No, but in a few big cities it might be.
 • 
Noah Smith
89
Where China is beating the world
On high-speed rail, EVs, and solar, China is doing truly amazing things.
 • 
Noah Smith
88
Degrowth: We can't let it happen here!
We won't help the environment or the poor by valorizing poverty and decline.
 • 
Noah Smith
80
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