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Giant Sucking Sound: D.C.’s housing market

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Why is DC housing booming? Because government growth is bringing in government contractors and lobbyists, this piece by Megan McArdle suggests. I often point out the vicious circle: more government means more lobbyists means more government means more lobbyists. McArdle makes an alternate point: more lobbyists just always means more lobbyists Some highlights from McArdle’s piece on DC’s...