Economy

This week, and under the pressure of immigration advocates from around the country, President Obama announced his plans for an executive order aimed to alleviate the problems of our broken immigration system. Obama’s immigration plan will be announced today and it will hopefully address the pleas...
11/20/2014
Blog
I have been letting this Jonathan Gruber thing percolate for awhile because I wanted to see what people say. For those unaware, Jonathan Gruber, an MIT economist and architect of Obamacare, was recorded saying: This bill was written in a tortured way to make sure CBO did not score the mandate as...
11/19/2014
Blog
The Daily Show last night had a great segment highlighting Detroit's ongoing water crisis. They point out that out of the $145 million dollars in delinquent water bills, nearly half is owed by commercial and municipal accounts, including the Joe Louis Arena, a local golf course, and an ice skating...
11/18/2014
Blog
For those in need of an angry read, I highly recommend Molly Hensley-Clancy’s piece in Buzzfeed on the ignominious fall of Corinthian Colleges, the first publicly-traded for-profit education company to shut down. It’s chock full of infuriating anecdotes about how a college used advanced marketing...
11/15/2014
Blog
If the Federal Reserve were democratic, there’s no chance it would raise interest rates. The Fed is nearing a decision on when to raise rates for the first time since 2008. But raising them now would be a disaster: the Fed would quash economic growth and keep wages and employment from rising....
11/14/2014
Blog
Scott Sumner seems a bit puzzled by my prior claim that libertarians (excepting Nozick) can't comprehend that property is theft. Never one to turn down an opportunity to explain, I figured a refresher is in order here. In undertaking this explanation, it is perhaps helpful to let the reader (...
10/08/2014
Blog
This American Life’s broadcast of recordings made by a former New York Fed employee has generated a wave of interest in the issue of regulatory capture of the Fed, a sort of “Stockholm Syndrome” that affects regulators who identify with the businesses that they regulate, in this case the big banks...
10/02/2014
Blog
Every so often, a higher ed story from around the world will grab some attention stateside. A few years ago, it was students protesting in the U.K. over an increase in tuition price caps which would allow universities to charge up to £9,000. More recently, students in Chile took to the streets for...
10/02/2014
Blog
You would need to hold over seven million dollars to be one of the top one percent wealthiest Americans in 2013. Yesterday, a Pew post, also picked up by Ezra Klein, was making the rounds claiming that it would take around $2.5 million to enter the top one percent of wealth holders. The...
09/19/2014
Blog
One of the oldest attack lines in politics is that a candidate or elected official is “out of touch” with the American people. The phrase, deployed often and by both parties, is often used to outline how a statement, voting record, or ideology is on the minority side of public opinion. In other...
09/16/2014
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