Economics

In a year when two boosters of the “luxury city,” Donald Trump and Michael Bloomberg, are vying to run the whole country, the very model that created their “success” is slowly unraveling. After roughly 20 years of big-city progress, measured by economic growth and demographic progress, the dense urban centers, including New York, are again teetering on the brink of decline.  read more »

Race, gender and class may be shaping our society, but increasingly generational change drives our politics.

Over time this suggests a major realignment of America’s party system that could create either whole new parties or transform the current, and failing, political duopoly.

One must look just at the results in New Hampshire. Bernie Sanders won by winning roughly half of voters under 30, according to exit polls, almost twice the percentage he gained among the rest of the electorate.  read more »

A decade ago, in the wake of the Great Recession, Lee County, Florida was dubbed “the foreclosure capital of the country” by the national media, the poster child for all that had gone wrong with the American economy.  read more »

The political and cultural war between red and blue America may not be settled in our lifetimes, but it’s clear which side is gaining ground in economic and demographic terms. In everything from new jobs—including new technology employment—fertility rates, population growth, and migration, it’s the red states that increasingly hold the advantage.  read more »

The Department of Housing and Urban Development has asked for comments on eliminating regulatory barriers to affordable housing. This is my response.  read more »

John Austin at the Michigan Economic Center is a long time commentator on Midwest economic issues, going back to at least his 2006 Brookings Institute report “The Vital Center.”  read more »

"There are three kinds of lies: lies, damned lies, and statistics." -Mark Twain  read more »

One of the principal advances of the past two centuries has been the drastic reduction in poverty and the rise of a large middle-class, a process expertly detailed by economists Diedre McClosky and Robert Gordon.  read more »

More is more and more is also different
~Benjamin Friedman, The Moral Consequences of Economic Growth, 2005  read more »

Perhaps nothing so animates the progressive Left today as the notion of an increasingly race-conscious society, segregated by ethnic identity and dismissive of the traditional ideal of assimilation. If this seems ironic, it should—in the not-so-distant past, this was a position embraced by the reactionary Right, particularly in the Jim Crow South.  read more »