The Answer Is Transaction Costs

The Devil Went Down to Grievance: Tuh, Taxes, and HOAs


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Are HOAs an argument for anarchy, or an example of it?
Ex post recontracting as a form a of aggression, when the enforcer of contracts is also a party to the contract.
And of course the TWEJ

Some Links:

  • How to pronounce “Tiebout” 
  • Why you should care about Tiebout
  • Munger on Wealth Taxes, and "Tuh" the Dog  
  • Makovi on "Cookie Cutter Covenants"
  • NH property owners say HOA elections are undemocratic
  • Public Goods and "Club" Goods



If you have questions or comments, or want to suggest a future topic, email the show at [email protected] !


You can follow Mike Munger on Twitter at @mungowitz


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The Answer Is Transaction CostsBy Michael Munger

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