Coasean markets in everything (the culture that was Sydney)

From a distance Sydney may seem like one of the world’s most desirable places to call home: a sparkling harbour, enticing beaches and a climate to die for. It’s regularly rated as one of world’s 10 most liveable cities. But, as of Friday, the state government of New South Wales will pay residents A$7,000 (£4,500) to leave it.

It’s part of a new scheme to boost the population and economy of country areas.

Here is more and for the pointer I thank Bruno Hernan.  Of course by global standards Sydney isn’t crowded at all; this also relates to an earlier Megan McArdle post about whether we are willing to let our cities become much more dense.