Monthly Archives: June 2014

More Collateral Damage From NYC Rent Control

The Great Hall at Cooper Union. On February 27th, 1860, Lincoln’s speech here helped propel him to the Presidency. New Yorkers now gather here to facilitate the destruction of their housing stock. From the NYT: Rent Board Backs Raises Much Smaller … Continue reading

Posted in Economics, Housing, Rent Control | Tagged , , | Leave a comment

Venezuela’s Currency Manipulations Are Destroying Their Economy

Pretty. Worthless. From the WSJ: Currency Chaos in Venezuela Portends Write-Downs The Gentleman Economist once visited Venezuela, enjoying Caracas, Merida, Angel Falls, a quiet Andean village and a jungle adventure involving riverside hammocks and three days in handmade dugout canoes. Being an … Continue reading

Posted in Corruption, Crony Capitalism, Currency, Economics, Inflation, Markets That Won't Clear, Money, You're Not Helping | Tagged , , , , , , , | Leave a comment