Category Archives: Economics

The Think Tank Gap Really Hurt Our COVID-19 Response

As the COVID-19 pandemic continues, it’s becoming more apparent that using a paradigm generated by the American Enterprise Institute might not be the best way to proceed. Unfortunately, all of the think tanks, including the Democratic aligned ones, appear to … Continue reading

Posted in COVID-19, Economics | 7 Comments

Difficulty in Getting Unemployment Benefits Is Not an Accident

Of course, if we followed this guy’s plan and just mailed people checks, we wouldn’t have this crisis in collecting unemployment benefits. But I digress. Over the last couple of weeks, as new unemployment claims number in the millions and … Continue reading

Posted in Economics, Jobs | 1 Comment

Third Wave Gentrification: The Business Rents Are Too Damn High

One of the problems discussing gentrification is that the term is used to encompass very different phenomena. I define gentrification as the period following abandonment, in which prices of existing housing begin to rise as they are renovated, and new … Continue reading

Posted in DC, Economics, Urban Planning

Assumptions and Rent Control

In an excellent piece of public testimony by economist J.W. Mason about why the assumption that rent control will lead to bad economic outcomes, one of the key things he does is challenge the assumptions of the argument (boldface mine): … Continue reading

Posted in Economics, Housing | 3 Comments

Some People See Things as They Are and Ask, “Why?” Others Dream of Things that Never Were, and Ask…

…do they violate PAYGO spending caps? The obsession with deficits by our radical centrist political press corps and by too much of the Democratic Party is going to get us all killed. Or at least very miserable (boldface mine): When … Continue reading

Posted in Democrats, Economics, Funding, Healthcare | 2 Comments

Economic Anxiety and Suicide

During the 2016 election (and afterwards too), there was an entire cottage industry devoted to arguing that economic issues didn’t play any role in the election outcome (or so small as to not matter). The first study used to justify … Continue reading

Posted in Conservatives, Democrats, Economics, Racism | 1 Comment

Pity the Poor Couple Who Make $450,000 Per Year: Housing Costs Are Too Damn High

It has been a while since we’ve seen a remake of the ‘Pity the Poor Couple Who Make Hundreds of Thousands Per Year‘ column, but a couple of weeks ago, CNBC decided to bring sexy it back! This graphic explains … Continue reading

Posted in Economics, Housing | 12 Comments

The Business Rent Is Too Damn High: The Bike Store Edition

I know I hit this theme a lot, but an underemphasized problem many booming cities are facing is skyrocketing business rents. If residents want affordable prices, along with more interesting options–and those interesting options often not the businesses that make … Continue reading

Posted in Bidness, DC, Economics, Taxes, Urban Planning | 5 Comments

Now Would Be an Excellent Time for Donald Trump to Release His Tax Returns

No conflict of interest–pun intended–here (boldface mine): President Trump stands to save millions of dollars annually in interest on outstanding loans on his hotels and resorts if the Federal Reserve lowers rates as he has been demanding, according to public … Continue reading

Posted in Bidness, Economics, Resistance Rebellion And Death

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

Posted in Economics