Economics

New York Makes Rent Control More Severe 0
- Economics
- June 17, 2019
Leaders of New York’s legislature have decided to tighten rent control in New York City. They also will change the law to make it harder for landlords across the state to get rid of tenants who don’t pay their rent, or violate their leases, if those tenants can’t find similar housing in the “same neighborhood.” Economists expect this legislation
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The Seven Worst Ideas for Regulation This Century 0
- Economics
- June 13, 2019
Many good things have happened both in the United States and worldwide this century. In the U.S., we have the lowest unemployment rate in half a century. Worldwide prosperity is growing so fast that the rate of extreme poverty fell by half between 1990 and 2015, five years ahead of the World Bank’s optimistic goal.
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What Happens When Everyone Gets a ‘Free’ Lunch? Money Problems 0
- Economics
- June 11, 2019
A yogurt company, Chobani, has picked up the tab for unpaid school lunches in a Rhode Island school district. That’s a relief to the school district, but not one likely to be replicated elsewhere. A new report finds that it would take a whole lot of dairy to fix the waste and misspent money in
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Socialism Will Always Destroy Democracy 0
- Economics
- June 10, 2019
A poll taken in February by Public Opinion Strategies found that a full 77 percent of Democrats felt the country would be “better off” if it were “more socialist.” “Democratic support for socialism appears deep,” Paul Bedard wrote in a piece for the Washington Examiner. “[Eighty] percent of ‘strong Democrats,’” he said, “believe the country
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Three Ways Capitalism Makes Workers Better Off 0
- Economics
- June 7, 2019
For several generations now, one of the loudest criticisms of capitalism is summed up by dismissively characterizing the working class under free markets as being “free to starve.” For instance, this 2017 Socialist Worker article described Marx’s critique of capitalism as a system in which “workers are free in a ‘double sense’— free to work
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Students Increasingly Are Pursuing Degrees with Better Job Prospects, Data Show 0
- Economics
- June 6, 2019
When it comes to employment data, most economists and commentators today mainly concentrate on the unemployment rate. Many seem to ignore another important measure: the underemployment rate. The Federal Reserve of New York defines the underemployment rate as “the share of graduates working in jobs that typically do not require a college degree.” Underemployment and
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