The Los Angeles Times reports, Home builders are not keeping up with demand for homes in California. There just aren’t enough homes being built relative to the growing number of households in California. What is the “solution” to this supply … Continue reading
John Cochrane writes, Both Mr. Trump and Mrs. Clinton want to lower the cost and, presumably, increase the amount of child care. A quick economics quiz: What is the policy change that would have the greatest such effect? I hope … Continue reading
J. W. Mason writes, The fact that people like Lawrence Summers have been ignored in favor of progressives like Heather Boushey and Jared Bernstein, and deficit hawks like the Committee for a Responsible Federal Budget have been left screeching irrelevantly … Continue reading
Luke P. Rodgers writes, Child care tax credits are intended to relieve the financial burden of child care expenses for working families, yet the benefit incidence may fall on child care providers if they increase prices in response to credit … Continue reading
I recommend checking this out. Concerning the last link in the essay, I write Many of my readers know that in Specialization and Trade I pointed out that the political process for industrial policy is to subsidize demand and restrict … Continue reading
Including links to two essays from the prolific Joel Kotkin. Also, John Cochrane interviews Casey Mulligan about the massive budget reconciliation bill (Mulligan actually knows what’s in it). It sounds like it was written by Wesley Mouch. I say that … Continue reading
Schematically, our exchange went like this: 1 (Cass). Masonomics sucks! 2 (Kling). Here is an outline of Masonomics. 3 (Cass). You have no idea what my article was saying! 4 (Kling). I am afraid that makes two of us. The … Continue reading
Tyler Cowen writes, Do you right now favor both a lot of stimulus and a big minimum wage hike? What are your assumptions about elasticities? Start from a policy preference to subsidize demand and restrict supply. You want to say … Continue reading
Subsidize demand, restrict supply. In Specialization and Trade, I make the claim that most government intervention does not conform to the textbook model of dealing with market failure. In that model, when the market produces too little of something (use … Continue reading
A two-hour conversation with Bret Weinstein and Tom Bilyeu. When I listened, I sped it up 25 percent. Although they go on several tangents, the main theme is the high level of political tension that currently threatens the country and … Continue reading