Richard Florida Quotes
Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.
Florida, Richard. The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity. Harper, 2010.
Richard L. Florida is an American urban studies theorist focusing on social and economic theory. He is a professor and head of the Martin Prosperity Institute at the Rotman School of Management at the University of Toronto and a Distinguished Fellow at NYU's School of Professional Studies.