Economics

'The Hamptons' is a One-Industry Place

village-hotel-hamptons.jpg

A “resort” community where there is no central commercial resort can still be a one-industry economy. In the case of the South Fork of Long Island (aka “Hamptons”), the one trick is luxury housing. There’s an extensive commercial/labor ecosystem to support it.  read more »

Two Gen Xers Walk Into A Retirement Home…

sunset.png

I recently got a detailed email from a friend in the Pacific Northwest outlining a possible venture she and her husband are considering. I was one of several people they asked to review the proposal.  read more »

Flight of the Icons

Oracle_Corporation_HQ.jpg

It’s hard to say the word “innovation” and not think of California. Technology has paced the state’s growth in everything from agriculture and oil to housing, entertainment, and aerospace. California has always been the harbinger of the American future, the promise of ever-greater economic and social progress.  read more »

The Big Moves: Where People Are Moving

pa exurbs2.png

For decades, New York has been the leading exporter of people to other states, though has been severely challenged since 2000 by California. During five years around the housing bust, more net domestic migrants left California than New York. Then, for a time, California’s annual losses were not quite as severe  read more »

A Cure Worse Than the Disease

coronavirus-illustration.jpg

Despite the relentless media drum-banging around the alarmist COVID-19 narrative, this particular virus is not the Black Death. Official numbers have the Canadian death count so far just below 11,000, bad for sure, but not hugely off the yearly flu toll in Canada which kills 6,500 to 8,000 people.  read more »

The Big Thing That Trump Got Right and Biden Can’t Afford to Screw Up

biden_in-iowa_gage-skidmore.jpg

For all his ugliness and buffoonery, Donald Trump got some big things right, politically and practically, that Joe Biden will undo at his own peril. Almost all of Trump’s wins, abroad and at home, have one thing in common: They focused on most Americans achieving broader prosperity and not only the best-off.  read more »

Let's Unite to Draw Distressed Coastal Residents

flyover-coalition-logo.jpg

Thousands of people on the coasts are pleading for help getting out of the urban enclaves from which they once looked down their noses at us, out in Flyover Country.

How should we respond? By taking advantage of an economic-development opportunity for the ages.  read more »

Toxic Class Encounters

durhamwcsa.jpg

It’s thirty years this autumn since I began my undergraduate degree at Durham University in the North East of England. To tell you the truth I didn’t know much about the city before I applied there. My visit for the three required interviews was very enjoyable, and more positive than some of the less elite institutions I had applied to. I enjoyed looking about the Norman castle and cathedral set high on a hill surrounded by the moat-like River Wear.  read more »

Why Trump's America Will Live On

ReschCenter_MAGA_m.jpg

Like many, if not most Americans, I am somewhat relieved to see the petulant, nasty and sometimes clearly unhinged Donald Trump leave the White House. Yet for all his antics and vitriol, Trump has left a legacy that will be difficult to ignore and, given the dispensation of his opponents, could shape the future for the next decade.  read more »