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Unintended Consequences • February 14, 2024 

# Starter Homes, Electric Vehicles, and Poverty 

Incentives matter, but they don’t care about your intentions. In this episode Paul and Peter start by talking with special guest and Truist Distinguished Professor of Economics at Winston-Salem State University Craig Richardson. He discusses how the federal government tried to prevent greedy banks from taking advantage of homebuyers but just ended up making it harder for first-time homebuyers, especially those from minority communities, to afford a house. They also discuss a review of Matthew Desmond’s book *Poverty, by America*, as well as efforts by the Biden administration to boost the transition to electric vehicles.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Peter Van Doren](/sites/cato.org/files/styles/author_picture/public/2021-01/Peter%20Van%20Doren.jpg?itok=H1lphT-7)](/people/peter-van-doren) 

##### [Peter Van Doren](/people/peter-van-doren)

Senior Fellow and Editor of *Regulation*

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](mailto:pvandoren@cato.org) 

[![Paul Matzko](/sites/cato.org/files/styles/author_picture/public/2021-01/Paul%20Matzko.jpg?itok=CSzwMD2U)](/people/paul-matzko) 

##### [Paul Matzko](/people/paul-matzko)

Adjunct Scholar, Cato Institute

##### Craig J. Richardson 

Truist Distinguished Professor of Economics, Winston Salem State University