I have read that a major air leakage area is where the walls meet the floor and roof. In new construction, they have the sill plate foam to air seal this area.
I have also read about
air sealing using drywall and caulking behind the drywall at the top and bottom when applied.
I was wondering, for an existing house, would it be beneficial to seal the drywall along the bottom edge to the floor? I would think this would create an air seal and since most people have base molding, you wouldn't see the caulk.
I have heard the argument that drywall expands and contracts, but at the top it is normally attached to the ceiling using joint compound. This isn't always cracked so I don't think it is doing that much moving.