Why Building a Lot of ‘Affordable’ Housing Is Bad News for Affordability
Happy Tuesday and Happy New Year! With the cost of housing ever-present in the public consciousness, state legislatures reconvening, and elections out of the way, we can expect 2025 to be action-packed with lots of wonky housing policy fights. Rent Free will be here to cover them all. As policymakers go about considering reforms aimed at making their cities more affordable, it’s important to understand what success will look like. Even more importantly, it’s important to understand what […]
Economics Is Undergoing a Consciousness Revolution
With Cris Sheridan Dec 31, 2024 – By drawing on the lessons of cognitive economics, epistemology, and other fields of research, Patrick Schotanus, author of “The Market Mind Hypothesis: Understanding Markets and Minds through Cognitive Economics…
Lawless I: The Illiberal Takeover of Legal Education
Thanks to Eugene for inviting me to participate in the Volokh Conspiracy’s venerable tradition of the author’s weeklong guest-blog. I’m particularly excited for the opportunity not only to preview my new book, Lawless: The Miseducation of America’s Elites, but to dispel some Ilya Confusion. Then again, it may also make Ilya Confusion harder to discern, because the most common way I recognize interlocutors who are thinking of “the other Ilya” (Somin) is when they reference my blogging on […]
The comments on this video are insane. I always wondered how some cities like NYC got to a place where a hot dog cart license is $100k, now I understand, it’s what Americans support unfortunately
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The Disintegration of Buckleyite Conservatism
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Sloppy Statistics Make for Sloppy Analyses
Tweet Here’s a letter to the New York Times. (For alerting me to Atkinson’s op-ed, I thank Jack Nicastro.) Editor: Robert Atkinson’s case for devaluing the dollar as a means of protecting America’s economy from China is stuffed with fallacies both factual and theoretical (“We Are in an Industrial War. China Is Starting to Win.” January 9). A key factual error is his claim that “China’s incursions … have cost America millions of manufacturing jobs.” The evidence that […]
Questioning the Housing Crisis: Recap and Wrap-Up
Norbert Michel and Jerome Famularo In the aftermath of the COVID-19 pandemic, the United States experienced a much higher rate of inflation than at any time during the prior few decades. Like the prices of many goods and services, the cost of housing rose rapidly, with the median home price increasing almost $100,000. (Figure 1.) Unsurprisingly, many potential homebuyers were—and still are—shocked and upset. As in years past, many politicians have latched on to the anger surrounding the recent housing […]
Milei’s Key Pending Task: Ending Argentina’s Currency Controls (Part II)
Daniel Raisbeck The evidence in Argentina already shows that relaxing controls leads to a massive influx of dollars into the banking system, as would occur under an official dollarization process (whereby a government grants the dollar legal tender or simply allows its use under the free competition of currencies). And yet the currency clamp remains. Though not explicit, the Milei government seems keen to avoid the experience of former President Mauricio Macri (2015–2019). During his government, a rapid removal […]