In recent years, the dream of home ownership has gotten farther and farther out of reach, as house prices have escalated. According to a recent study, the primary cause is excessive zoning laws - that is, government over-regulation.

Brazil serves as an object lesson in how government incompetence - not greed, not really bribery even, certainly not totalitarianism, just simple incompetence - can make life difficult on an otherwise free and vibrant economy.