Whatever your political perspective, Americans need to admire the New Deal for, if nothing else, its ambitious agenda. In a way unparalleled in the 20th Century, the New Deal left us a legacy of achievement – one that we can still see in big cities like San Francisco and small towns like Wishek, North Dakota. read more »
As part of a thought experiment I examined one specific neighborhood in a typical small city in Georgia. I’m using this town not because it’s unique, but because it’s absolutely normative. I could do the same analysis on the town where my mom, sisters, and brother live in southern New Jersey and it would be nearly identical. This is Everytown, USA. read more »
A reader comment on a feature by John Sanphillipo (“Finally! Great New Affordable Bay Area Housing! Caught my eye.”). The comment ("You shouldn't have to go to Nashville") expressed an understandable frustration about the sad reality that firms leaving coastal California often skip right over the Central Valley “where the housing costs are reasonable, there are some lovely old homes on tree lined streets, the humidity is less, the mountains are nearby, and you can drive there in 2-3 hours rather than fly.” read more »
In a state ruled by a former Jesuit, perhaps we should not be shocked to find ourselves in the grip of an incipient state religion. Of course, this religion is not actually Christianity, or even anything close to the dogma of Catholicism, but something that increasingly resembles the former Soviet Union, or present-day Iran and Saudi Arabia, than the supposed world center of free, untrammeled expression. read more »
Late last year, economists Anne Case and Angus Deaton published a paper in the Proceedings of the National Academy of Science documenting the rising morbidity and mortality in mid-life white men and women in America, especially for those with a high school degree or less. They attributed this increase, a reversal of historic trends, to an epidemic of alcoholism, other drug use disorders, and suicide. Their findings are a wake up call for the US. Not only is something seriously wrong — it’s getting worse. read more »
Pew Charitable Trusts recently posted an analysis of population projections that show several states with stagnant to declining workforces.
This means that for nearly 20 states, it’s basically impossible to add jobs in the future. How can you add more jobs with fewer workers? read more »
Book Review: "The Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles." Michael Storper, Thomas Kemeny, Naji P. Makarem and Taner Osman; Stanford University Press, 2015.
How and why do places differ in their pace of economic development? Why do some flourish while others lag? These are among the most profound questions in economics and related fields. Are explanations found in geography, culture, institutions, or fortune? read more »
The Reason Foundation has published my new research reviewing the potential for urban containment (or other restrictive policies that are sometimes called "smart growth") to reduce greenhouse gas (GHG) emissions. Principal reports cited by advocates of urban containment are reviewed. The conclusion is that only minimal reductions if the gains from improved automobile fuel economy are excluded. read more »
Washington's Metro (subway), often called "America's subway," may well be America's embarrassment. As a feature article by Robert McCartney and Paul Duggan in the Washington Post put it: “'America’s subway,' which opened in 1976 to great acclaim — promoted as a marvel of modern transit technology and design — has been reduced to an embarrassment, scorned and ridiculed from station platforms to the halls of Congress. Balky and unreliable on its best days, and hazardous, even deadly, on its worst, Metrorail is in crisis, losing riders and revenue and exhausting public confidence." (emphasis by author.) read more »
The key drivers that propelled the Reagan economy are now tapped out or out of favor.
The name of Ronald Reagan is frequently evoked by the current contenders to the GOP nomination. Donald Trump speaks admiringly of the 40th President of the United States and uses a truncated version of his 1980 campaign slogan “Let’s Make America Great Again”. Ted Cruz promises to implement Reagan’s solution of lower taxes, lower regulation and a stronger military. Before he bowed out recently, Marco Rubio was equal in his praise. And John Kasich stakes an even more tangible claim by reminding us that he is the only candidate who actually worked with Reagan. read more »