San Francisco Is Eating New York

sanfranciscobridge-300x200.jpg

A lot has been written about how the internet undermined and destroyed media. What we are seeing today may be the more important story, however, which is the tech industry is explicitly buying out the media, particular culture making elite media institutions.  read more »

America Keeps Winning Regardless Of Who Is President

800px-Donald_Trump_(39630669575).jpg

Ever since the election of Donald Trump, many of our leading academic voices, like Paul Krugman, predicted everything from a stock market crash to a global recession. Slow growth, mainstream economists like Larry Summers, argued, was in the cards no matter who is in charge. That was then. Now the United States stands as by far the most dynamic high-income economy in the world.  read more »

The Sacred Cul-de-Sac: Lakewood

screen-shot-2018-09-17-at-10-19-10-pm.jpg

In 1901 John D. Rockefeller of Standard Oil (now ExxonMobil) began purchasing hundreds of acres of land around the town of Lakewood, New Jersey an hour and a half south of New York. He then built a thirty bedroom, twenty bathroom country estate. Lakewood was a prosperous year round vacation destination complete with swimming, tennis, golf, and ice skating, as well as numerous hotels, fine restaurants, a theater, and many large elegant homes.  read more »

Summer Travel Offers Insights Into What Drives Economic Growth

shutterstock_786312625.jpg

Why do we travel? Alain de Botton suggests in his engaging meditation on this question, The Art of Travel, that it’s the human craving for variety that impels us to leave home and incur the headaches of exploring the world.  read more »

Subjects:

The Sordid History of Forest Service Fire Data

800px-Carr_Fire_28_July_2018_b.jpg

The latest wildfire situation report indicates that about 7.3 million acres have burned to date this year. That’s about 1.2 million acres less than this same date last year, but about 1.5 million acres more than the ten-year average and a lot more than the average in the 1950s and 1960s, which was about 3.9 million acres a year.  read more »

Edge Cities in China: Suzhou

suzhou cultural centre.PNG

Nearly three decades ago, journalist and educator Joel Garreau coined a new term, “Edge cities,” to describe the rise of commercial centers outside the downtowns (central business districts or CBDs) largely of the United States (Note 1).  read more »

Why the Booster Club Won’t Save Minneapolis

800px-Minneapolis_on_Mississippi_River.jpg

Someone who took issue with my treatment of Minneapolis’ attraction issue sent me a link to this Star Tribune piece noting that migration into the region increased last year.

To be clear: this article is from March of this year, so I’m late to the game in analyzing it. But I don’t recall seeing it previously.

Here’s an excerpt:  read more »

California Must Stop Trying To Stomp Out Suburbia

solar-panel-array-1591358_1280.jpg

We may be celebrating — if that’s the right word — the tenth year since the onset of the financial crisis and collapse of the real estate market. Yet before breaking out the champagne, we should recognize that the hangover is not yet over, and that a new housing crisis could be right around the corner.  read more »

Reconciling a Love for Trains with an Opposition to Subsidies

unnamed.jpg

As a life-long railfan, I love passenger trains. But as a transportation economist, I hate subsidies for the way they dilute productivity and transfer wealth from the many to the few. Thus, I am a reluctant opponent of subsidies to Amtrak and urban rail transit.

Romance of the Rails, a new book that the Cato Institute will publish in October, is my attempt to reconcile these views by looking deep into the history of passenger rail transportation.  read more »

More Work at Home than Take Transit, Transit Retreats into Niche Markets

800px-AEHF_1 (1).jpg

The new American Community Survey data indicates at least two significant narratives with respect to work access trends (commuting and working at home). One is transit work is becoming even more concentrated in only six of the nation’s 20,000 municipalities, the six transit legacy cities. The second is that working at home has passed transit in access to jobs, it now trails only driving alone and car pools.  read more »