Category Archives: Economics

Economics

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

Three Cheers For A Housing Market Recovery, Maybe

Price reduced? Good news for one third of Americans, but not for Peter Dreier From the NYT: What Housing Recovery? In the New York Times Opinion Pages Peter Dreier (Professor of Politics, Urban and Environmental Policy at Occidental College) bemoans that not … Continue reading

Posted in Adverse Selection, Economics, Geography, Housing, Inflation, Markets That Won't Clear, Money, Moral Hazard, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Does The U.S. Really Need A Department Of HUD?

I’m not sure this should be a federal issue From the NYT: San Antonio Mayor Julián Castro Is Said to Be HUD Pick in Cabinet Reshuffling It appears Julián Castro, an up-and-coming Democratic politician, may be the next choice to lead … Continue reading

Posted in Crony Capitalism, Economics, Housing, You're Not Helping | Tagged , , , , | Leave a comment

New York City’s Rent-Regulated Tenants Excluded From Amenities

And if you’re a landlord, vice versa From the NYT: What’s Next, a Bouncer? Let’s see Rent Control for what it really is: a forced subsidy from landlords to tenants, a gift from politicians to renters in return for their votes … Continue reading

Posted in Economics, Housing, Markets That Won't Clear, Officious Intermeddler, Rent Control, You're Not Helping | Tagged , , , , , , | Leave a comment

Cheng Chui Ping, “Mother Of All Snakeheads”, Dies: Villain Or Hero?

This grandmother sold tickets to a better life. Sorry about the prison term. From the NYT: A Smuggler of Immigrants Dies in Prison, but Is Praised in Chinatown (See previous posts on immigration) The Gentleman Economist has yet to be persuaded … Continue reading

Posted in Economics, Geography, Immigration, Markets That Won't Clear | Tagged , , , , | Leave a comment

Amazon Opens Warehouses To Tours

I thought you brought the map From CNN Money: Amazon opens warehouses to tours Of Amazon’s 37 U.S. fulfillment centers, six will begin offering public tours this month. I’ll bet the technology and organization would be fascinating, but one look … Continue reading

Posted in Economics, Labor, Technology | Tagged , , , , , , | Leave a comment

San Francisco Rent Control Tenant Buyout Offers Now Approaching 100 Months Rent

We’d love to take your $50,000, but we can’t afford it From the S.F. Gate: S.F. landlords offer tenants tempting offers to move out This is what San Francisco rent control has become. 24 years ago, the Reyes family moved into … Continue reading

Posted in Adverse Possession, Economics, Housing, Markets That Won't Clear, Rent Control, You're Not Helping | Tagged , , , , , | Leave a comment

How To Put The Adverse In Adverse Possession

It’s been six months since Category 5 Super Typhoon Haiyan struck Southeast Asia, killing at least 6,268 people in the Philippines alone. The storm deposited an ocean freighter in the middle of a neighborhood in Tacloban, one of the hardest … Continue reading

Posted in Adverse Possession, Economics, Natural Disasters | Tagged , , , | Leave a comment

Income Inequality Institute Will Pay Paul Krugman $25,000 Per Month

Paul Krugman, the new face of Income Inequality From Gawker: Income Inequality Institute Will Pay Paul Krugman $25,000 Per Month The publicly funded City University of New York has offered Paul Krugman what it marketed as “a relatively comfortable perch” at … Continue reading

Posted in Economics, Education, Inequality, Positional Good, The One Percent | Tagged , , , , | Leave a comment