Category Archives: Economics

Monetary Policy and 80,000 Votes

A couple of weeks ago, Congresswoman Ocasio-Cortez made a very important point in a congressional hearing involving the Federal Reserve (boldface mine): When Federal Reserve chair Jerome Powell testifed before the House Wednesday, Team Blue’s freshmen lawmakers posed some of … Continue reading

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Understanding the Limitations of Your Data: The Student Debt Edition

As I’ve noted many times, when doing analysis, you must understand the limitations of your data, whether it be the microbiome, genomics, education statistics, polling data, or, well, anything else. With presidential candidates Sen. Elizabeth Warren and Bernie Sanders both … Continue reading

Posted in Economics, Education, Statistics | Leave a comment

The Business Rent Is Too High: The Austin, TX Edition

As part of our irregular series, we have another example of local businesses getting clobbered by massive rent increases, this time in Austin, TX (boldface mine): Just this week, Hut’s Hamburgers, in downtown Austin since 1969 (and on South Congress … Continue reading

Posted in Economics, Food, Urban Planning | Leave a comment

What Internet Era Luddites Actually Look Like

You can find them at D.C.’s* National Airport (boldface mine): Every night, several times a night, Uber and Lyft drivers at Reagan National Airport simultaneously turn off their ride share apps for a minute or two to trick the app … Continue reading

Posted in Automobiles, Bidness, Economics | 4 Comments

First, We Stop The Dying. Then, If Needed, We Worry About Inflation

With radical centrist Howard Schultz tossing his hat into the ring, as predicted, radical centrists are starting up with the ‘how are you going to pay for it?‘ crap. The snarky answer would be, “We’ll pay for it the same … Continue reading

Posted in Economics, Ethics, Healthcare | 4 Comments

The Cost Of Large Concentrations Of Wealth

One problem when the wealthy, whether individuals or corporations, have so much damn money is that it becomes trivial for them to buy out people (as crass as that sounds). From an article about computer scientists, we find the following … Continue reading

Posted in Economics

What The Shutdown Tells Us About The Reality Of U.S. Middle Class Life

As we hear more stories about federal employees facing real hardship due to the partial shutdown that has lasted for over a month, it’s really provides us a window into how middle class life has been degraded. One thing to … Continue reading

Posted in Economics | 2 Comments