Economics

Chinese Sci-Fi Writers Give Us A Glimpse Into China’s Dystopian Present And Future

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A thoroughly scientific dictatorship will never be overthrown — Aldous Huxley

In contemporary China, it’s hard to know what people outside the party dictatorship think about the future. As in the former Soviet Union, often the best guide may be not in the controlled media or cowed academia, but in the speculative wanderings of writers.  read more »

The Cure for Inequality is More Laissez-Faire

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That means less cronyism and more competition.

“Inequality is not necessarily bad in itself: the key question is to decide whether it is justified.”____ Thomas Piketty in Capital in the Twenty-First Century.

Piketty’s words read like a premise that is only half right, followed by a problematic corollary. Reasonable people will agree that some inequality is not only “not necessarily bad” but also very desirable and very necessary in order to stimulate the economy’s entrepreneurial and innovative spirits. Further, if some inequality is desirable, how much is enough and how much is too much? And who gets to decide?  read more »

San Bernardino Slams Brakes On Big Solar

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The San Bernardino County’s Board of Supervisors slammed the brakes on big solar projects and highlighted a challenge California could face if it seeks to eliminate the use of fossil fuels.  read more »

Los Angeles Rail: Ridership Decline Estimated at 42 Percent

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The Reason Foundation has just published an important review of transit in Los Angeles County, by transportation consultant Thomas A. Rubin and University of Southern California Professor James E. Moore II. A total of four reports have been released, under the title A Critical Review of Los Angeles Metro’s 28 by 2028 Plan. Links are provided at the end of this article. More reports are to follow.  read more »

The City Of Dallas Needs A Homebuilding Boom To Ensure Economic Success

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While the North Texas economy is booming, the core city of Dallas faces challenges bedeviling other cities: a dwindling middle class, bifurcation into neighborhoods of haves and have-nots, and an emerging home affordability problem.  read more »

California's Message: You Built That, Now Get Out!

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The people who build our homes increasingly can no longer afford them. As the state elite and their academic cheering crew celebrate our progressive boom, even the most skilled, unionized construction workers, notes an upcoming study, cannot afford to live anywhere close to the state’s major job centers.  read more »

Millennial Preferences: Not So Different

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Economists at the Federal Reserve Board have published exhaustive research on Millennial spending patterns and generally find that they are similar to those of other generations (See: “Are Millennials Different?,” by Christopher Kurz, Geng Li, and Daniel J. Vine). The research examines Consumer Expenditure (CE) Survey data and the conclusion is summarized by the authors:  read more »

Do Californians Support the State Being a National Security Risk on Imported Oil?

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Ships under foreign flags arrive daily at ports of call up and down California’s coastline carrying a precious cargo that the State can produce itself, yet it imports it because the powers that be won’t let California’s historically successful oil industry tap into the resources already available.  read more »

Amazon: New York Caused the Divorce – Don’t Go Back

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Today’s big news is that New Yorkers are pleading with Amazon to reconsider its decision to halt its HQ2 project in their city. The Wall Street Journal reports that Gov. Andrew Cuomo has been in contact with Amazon executives, urging them to rethink their decision to abandon plans for a headquarters campus – and 25,000 jobs – in Queens.  read more »

Where Millennials Really Go for Jobs

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When Amazon decided to locate its second headquarters in New York, it cited the supposed advantages of the city’s talent base. Now that progressive politicians have chased Amazon out of town, the tech booster chorus has been working overtime to prove that Gotham, and other big, dense, expensive cities, are destined to become “tech towns” anyway, because of their young, motivated labor pools.  read more »