Sumario:

The economic implications of housing supply / Homeownership and the American Dream / Sand castles before the tide? Affordable housing expensive cities / Friedman’s presidential address in the evolution of macroeconomic thought / Should we reject the natural rate hypothesis? / Short-run and long-run effects of Milton Friedman’s presidential address / Exchange-traded funds 101 for economists / Frictions or mental gaps: what’s behind the information we (don’t) use and when do we care? / Do economists swing for the fences after ternure? / Retrospectives: cost-push and demand-pull inflation: Milton Friedman and the ‘cruel dilemma’ / Recommendations for further reading.