Tag Archives: Markets That Won’t Clear

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

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

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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

The Step-By-Step Guide To Destroying San Francisco’s Housing Market

It’s so expensive nobody lives there anymore From the SFGate: Airbnb sublets in S.F. land some renters in the doghouse The Gentleman Economist finds San Francisco’s charms appealing: Beautiful coastal topography, including hills, fog, a gorgeous bridge and the country’s largest … Continue reading

Posted in Barriers to Entry, Cartel, Corruption, Geography, Housing, Markets That Won't Clear, Monopoly, Monopsony, Rent Control, The Future, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Seattle Leaves Its Citizens Waiting At The Curb In The Rain

We’re OK with marijuana; just don’t upset our vested interests. From GeekWire: Seattle City Council approves cap on Lyft, UberX, Sidecar drivers Oh, Seattle, home of Microsoft; custodian of the Space Needle and Pike Place Market; curator of Northwest cool, great … Continue reading

Posted in Barriers to Entry, Corruption, Economics, Markets That Won't Clear, Monopoly, Taxis, The Future, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Does Raising the Minimum Wage Help or Hurt?

Hoping to make the cut when the wage goes up (Spencer Platt/Getty Images, from the NYT) From the NYT: Minimum Wage Increase Would Have Mixed Effects, C.B.O. Report Says The idea of raising the minimum wage is deeply polarizing in American … Continue reading

Posted in Economics, Inequality, Labor, Lump of Labor Fallacy, Markets That Won't Clear, Minimum Wage, Unemployment, You're Not Helping | Tagged , , , , , | Leave a comment

You’re Not Helping: New York City and Affordable Housing

Rent Control:  The Solution to, and the Cause of, New York City’s Housing Shortage From the NYT: New York’s Affordable Housing Shortage The New York Times is one of the world’s great English language newspapers and I hope customer demand (or … Continue reading

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

Sunk Costs Are Irrelevant

 Another reason why some markets won’t clear

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