Economy

There's a new report from RealtyTrac that's generating some buzz this week, claiming that student loan debt is not holding back the ability to buy a house in the vast majority of U.S. markets. This kind of contrarian stat tends to generate news, so it’s worth pulling back the curtain...
09/05/2014
Blog
As the world watches the working class town of Ferguson, Missouri, the Fed is meeting in the secluded Jackson Hole, Wyoming to debate the future of work.  As part of the Kansas Fed’s annual conference, Janet Yellen delivered her first, closely watched, speech to the conference as Fed chair. In...
08/22/2014
Blog
Frankly, some people benefit economically from exploiting racial discrimination—for example shareholders in the companies that profit from discriminatory hiring, pay, and promotions policies, or say, the Corrections Corporation of America. There are structural and often subconscious incentives to...
08/21/2014
Blog
I remember the stunned reaction of so many Americans back in the summer of 2005 when legions of poor black people in desperate circumstances seemed to have suddenly and inexplicably materialized in New Orleans during the flooding that followed Hurricane Katrina. Expressions of disbelief poured in...
08/20/2014
Blog
Why is New York City’s public housing about to collapse?  The pending collapse is literal as well as physical: hundreds of thousands of New Yorkers are living with mold, water, and broken elevators throughout the city’s 2,600 New York City Housing Authority (NYCHA) buildings, and resident...
08/13/2014
Blog
Student loans are having quite the moment. Unfortunately, that moment has been a bit... confusing. From new polls and reports from reputable think tanks, to New York Times pieces, we’re being led to believe that either student loans aren’t that big a deal (or, more accurately, are the same “deal”...
08/11/2014
Blog
John Aziz at The Week argues that it does not matter how rich the rich are. I believe he is wrong for a number of reasons. The Impoverished Do Suffer Because the Rich Are Rich Aziz opts for the Econ 101 move to take on the idea that we should want to know how rich the rich are (not unlike the...
08/11/2014
Blog
To rehash, the Child Allowance (CA) is a policy I have been pushing in which parents receive $300/month for every child they are taking care of. I propose that it replace the Child Tax Credit, the dependent exemption, the head of household filing status, and the child and dependent care tax credit...
08/04/2014
Blog
The White House took an important step today to protect millions of Americans who work for federal contractors from illegal wage practices and health and safety risks in the workplace. The Fair Pay and Safe Workplaces Executive Order establishes a screening system to identify whether prospective...
07/31/2014
Blog
Every year, the Census puts out two poverty estimates. The first uses the Official Poverty Metric, which counts all cash income from any source excluding tax credits and capital gains. The second uses the Supplemental Poverty Metric, which counts all cash income, tax credits, and the cash...
07/31/2014
Blog
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