Tag Archives: 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

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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

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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

Flash Boys: A Wall Street Revolt, by Michael Lewis

For 300 million dollars, your web browser could receive this post three milliseconds faster I’ve just finished reading Flash Boys: A Wall Street Revolt by Michael Lewis, an exposé on the rampant parasitism at the core of the U.S. stock … Continue reading

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When Fakes Are More Valuable Than Originals

 You’d feel cheated if they were real My first thought was why would anyone pay $3.49 for a set of 100 obviously fake U.S. pennies.  Then I realized it might be their inherent lack of value that makes them so … Continue reading

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Learning About The Federal Reserve From The Monopoly Board Game

 Just ask Ben Bernanke

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Why Has Inflation Remained So Low?

Spend your stimulus money here (See previous posts on inflation.) A major argument against economic stimulus is that sooner or later all those extra dollars sloshing around the economy will push up prices and debase the currency.  It seems inevitable, … Continue reading

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Spain Is In A Great Depression

From the NYT: Spain Is Beyond Doomed: The 2 Scariest Unemployment Charts Ever How to plan your job search (See previous thoughts on Spain here, here, here, and here.) Spain is in a great depression, and it is one of the … Continue reading

Posted in Depression, Economics, Geography, Labor, Unemployment | Tagged , , , , , | 2 Comments

A Vote of No Confidence For Spain

From the WSJ:  Air Carrier Plans for Fracture of Euro Zone The thing about loss of confidence is that it’s always just a trickle, until it’s a torrent, and nothing both signals and accelerates the risk of Spain leaving the … Continue reading

Posted in Currency, Economics, Money | Tagged , , , , | 1 Comment