Mike Bird on the Land Trap and How the History of Housing Impacts the Global Economy

迈克·博德谈土地陷阱及其对全球经济的影响史

Macro Musings with David Beckworth

2025-11-24

1 小时 1 分钟
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单集简介 ...

Mike Bird is the Wall Street editor for The Economist magazine and is the author of The Land Trap: A New History of the World's Oldest Asset. Mike returns to the show to discuss the conclusion of Abenomics, the origins of land as an asset, the surge in housing prices during the COVID-19 Pandemic, the unsuspecting story of Wolf Ladejinsky, how housing impacted Japan's lost decade, the modern history of land in China, and much more. Check out the transcript for this week's episode, now with links. Recorded on November 4th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Mike on X: @Birdyword Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:27 - Abenomics 00:04:32 - Motivations for The Land Trap 00:7:58 - Land as a Different Kind of Asset 00:14:55 - COVID-19 Housing Prices 00:20:42 - Land as an Enduringly Important Asset 00:24:34 - Wolf Ladejinsky 00:37:14 - Japan from 1980s Onward 00:47:28 - Land in China 00:56:36 - Henry George 01:00:42 - Outro
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单集文稿 ...

  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present, and future.

  • I am your host, David Beckworth,

  • a senior research fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guest today is Mike Bird.

  • Mike is the Wall Street editor for The Economist magazine and formerly was a reporter for The Wall Street Journal.

  • Mike has a new book hot off the press that is titled The Land Trap,

  • a new history of the world's oldest asset,

  • and he joins us today to discuss it and the history of land and its role in the global economy.

  • Mike, welcome back to the program.

  • David, thank you very much for having me back on again.

  • That's great to have you on now.

  • You've been on two times.

  • So you first appeared way back in 2018 a few years after the podcast got started So you're one of the early pioneers to help make their show.

  • So thanks to you Mike and in 2019 you returned and Now you have your own podcast.

  • Tell us about your podcast I do.

  • I'm one of the presenters where there's three of us, but we present Money Talks,

  • which is the flagship business finance and economics podcast for the Economist magazine.