Reflections from Spain
Interesting analysis on immigration, unemployment, language, housing, and economy of Spain. Who writes like this after a vacation?!
Overall, my visit has made me more optimistic about Spain. Much of the measured unemployment is illusory, and immigrants are pouring in to profit from Spain’s combination of high productivity and linguistic accessibility. Housing policy remains bad. Since housing regulation is decentralized, however, some regions of Spain will be atypically tolerant of new construction. Where is the Texas of Spain? I don’t know, but that’s where the future is.