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The Elevator Problem: How Rent-Seeking and Regulation Make Modern Life Unaffordable

On July 8, 2024, a guest essay by Stephen Smith on elevator policy was published in The New York Times. Though this may seem like a rather dry topic at first glance, Smith’s essay quickly dispelled that notion. The piece immediately went viral and has sparked a considerable amount of commentary from across the political spectrum.  In the essay, Smith summarized the findings of a lengthy report on elevators that he had authored in May of that yea…
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thedailyeconomy.org broke the news in on Monday, March 2, 2026.
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