An acronym for "Not In My Back Yard," referring to opposition by residents to proposed real estate, infrastructure, or development projects in their local area, even if they agree with the need for such projects generally.
Curated by Enzo Simier.
Why it matters
The term matters because it captures the gap between abstract support for growth and concrete resistance to nearby change. It is especially useful in arguments about housing supply, infrastructure bottlenecks, and local veto power.
Notes
The label can illuminate a real pattern, but it can also oversimplify local concerns by treating every objection as selfish or irrational. The most interesting debates are often about where genuine externalities end and exclusionary politics begin.
See also
AestheteA person who has or affects to have a special appreciation of art and beauty.
anathemaSomething or someone that one vehemently dislikes; a formal curse by a pope or a council of the Church, excommunicating a person or denouncing a doctrine.
atrabilaireHaving a gloomy, irritable, or melancholy disposition; literally rooted in the old theory of black bile (atrabilis), which was once thought to produce a morose temperament.
ceteris paribusLatin for "all other things being equal"; used in economics to isolate the effect of a single variable by holding all other factors constant.
ceteris paribusLatin for "all other things being equal"; used in economics to isolate the effect of a single variable by holding all other factors constant.
Mackinder's Heartland theoryA geopolitical concept proposing that control over Central Asia (the 'Heartland') allows for dominance over the 'World Island' (Eurasia and Africa), and thus the entire world.
Nicholas Spykman's Rimland theoryA geopolitical theory stating that control over the coastal fringes of Eurasia (the Rimland) is the key to global power, as it contains the majority of the world's population and resources.
plutocratA person whose power or influence comes from their wealth.
renegeIn the context of central banking, to renege refers to a policy pivot where the Fed fails to follow through on its previous forward guidance or implicit commitments (e.g., backing out of signaled interest rate cuts due to persistent inflation).
safetyismThe tacit ideology that the government’s main goal should be to minimize risks rather than balance them against benefits.
Snippyan adjective describing someone who is rudely curt, impatient, or sharp-tongued, often reacting with unnecessary brevity or irritation.
SVAR (Structural Vector Autoregression)SVAR (Structural Vector Autoregression): SVAR is an econometric tool that separates tangled economic data into the underlying independent surprises, or shocks, that drove it, so you can simulate what happens if one of those shocks hits again.
SVAR (Structural Vector Autoregression) is an econometric tool that tries to sepSVAR (Structural Vector Autoregression) is an econometric tool that tries to separate tangled economic data into the underlying independent surprises — called shocks — that drove it, so you can simulate what happens if one of those surprises hits again.
terra nulliusLatin for "nobody's land"; a principle used in international law to describe territory that has never been subject to the sovereignty of any state.