Continuing on with value judgements:
Social groups can evolve to changing social structure surprisingly rapidly. As a result, basing policy on inherent “social values” (such as for housing) is at best an exaggeration, and at worst nonsensical.
Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
Note: The early timing on our discussion Tuesday is to make space for three Piketty Capital related posts this week – the first of which is a book review tomorrow.