Politics

Economic Progress is More Effective Than Protests

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The election of Barack Obama promised to inaugurate the dawn of a post-racial America. Instead we seem to be stepping ever deeper into a racial quagmire. The past two month saw the violent commemoration of the Ferguson protests, “the celebration” of the 50th anniversary of the Watts riots, new police shootings in places as distant as Cincinnati and Fort Worth, and renewed disorder, tied to a police-related shooting, in St. Louis last week.  read more »

Tech Oligarchs Tightening Their Grip on Democrats

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The current state of the Republican Party may seem like a demolition derby, but there’s an equally fascinating, if less well-understood, conflict within the Democratic Party. In this case, the disruptive force is largely Silicon Valley, a natural oligarchy that now funds a party teetering toward populism and even socialism.  read more »

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California: "Land of Poverty"

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For decades, California's housing costs have been racing ahead of incomes, as counties and local governments have imposed restrictive land-use regulations that drove up the price of land and dwellings. This has been documented by both Dartmouth economist William A Fischel and the state Legislative Analyst's Office.  read more »

Obama, the Left Downsizing the American Dream

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Barack Obama has always wanted to be a transformational president, and in this, at least, he has been true to his word. The question is what kind of America is being created, and what future does it offer the next generation.  read more »

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The Changing Patterns Of U.S. Immigration: What The Presidential Field Should Know, And You

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Public concern about illegal immigration, particularly among older native-born Americans, as well as the the rising voting power of Latinos, all but guarantees that immigration is an issue that will remain at the forefront in the run-up to the 2016 elections. Nor is this merely a right-wing issue, as evidenced in the controversy over “sanctuary cities”; even the progressive Bernie Sanders has expressed concern that massive uncontrolled immigration could “make everybody in America poorer.”  read more »

The Peril to Democrats of Left-Leaning Urban Centers

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Twenty years ago, America’s cities were making their initial move to regain some of their luster. This was largely due to the work of mayors who were middle-of-the-road pragmatists. Their ranks included Rudy Giuliani in New York, Richard Riordan in Los Angeles, and, perhaps the best of the bunch, Houston’s Bob Lanier. Even liberal San Franciscans elected Frank Jordan, a moderate former police chief who was succeeded by the decidedly pragmatic Willie Brown.     read more »

Progressive Policies Drive More Into Poverty

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Across the nation, progressives increasingly look at California as a model state. This tendency has increased as climate change has emerged as the Democratic Party’s driving issue. To them, California’s recovery from a very tough recession is proof positive that you can impose ever greater regulation on everything from housing to electricity and still have a thriving economy.  read more »

More Local Decisions Usurped by Ideological Regulators

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In hip, and even not-so-hip, circles, markets, restaurants and cultural festivals across the country, local is in. Many embrace this ideal as an economic development tool, an environmental win and a form of resistance to ever-greater centralized big business control.

Yet when it comes to areas being able to choose their urban form and for people to cluster naturally – localism is now being constantly undermined by planners and their ideological allies, including some who superficially embrace the notion of localism.  read more »

Congratulations Boston!

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Congratulations Boston! Your rejection of the "honor" of representing the US as its candidate for the 2024 Summer Olympics is an inspiring example of government performing its obligation to taxpayers and their hard earned money. Those of us who think that government has a responsibility to wisely use taxpayer money sometimes forget that Massachusetts enacted Proposition 2 1/2 not long after California's fabled Proposition 13.  read more »

The Incompetence Hypothesis to Explain the Great Recession

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Seeking an understanding of the Great Recession, I am finding that most of the 2008 financial crisis and its aftermath can be explained by incompetence. In the final weeks of writing a book on the systemic failure in US capital markets, I had to re-read the Securities and Exchange Commission (SEC) Inspector General’s 2009 report on their failure to stop Bernard Madoff despite having received credible evidence of a Ponzi scheme.  read more »