Dilemma: The Segregated Match

In his new book, The Complacent Class, Tyler Cowen re-emphasizes the role of economists in perpetuating pessimism. By connecting a slew of dismal trends backed by hard (and shaky) data, he offers a rationale behind the low levels of productivity, decreased economic mobility and low levels of economic growth. He categorizes the factors that make … Continue reading Dilemma: The Segregated Match

Payday Loans Filling the Void

As payday lenders and check-cashing stores continue to feel the wrath of government regulation, it’s important to understand why they exist in the first place. On March 7, Prop S was added to the municipal primaries ballot, seeking to punish evil payday lenders in St. Louis by imposing a meager $5,000 annual fee for new and … Continue reading Payday Loans Filling the Void

Financial Capital: Moving Up The Ladder In The Modern Economy

Though it doesn’t paint the whole picture, financial capital represents a whole lot of the influence behind economic mobility. The last, and most obvious, installment in our analysis of economic capital’s effect on realizing the American Dream explores financial capital. Financial Capital: The zeroes in your savings account In the context of intergenerational mobility, referring … Continue reading Financial Capital: Moving Up The Ladder In The Modern Economy

Safety Or Crony: General Motor’s Attempt To Lay Out The Rules

Sometimes, it’s hard to tell if a new regulation is put in place to ensure safety or to make it difficult for competitors to compete in the same market. In the case of Michigan’s unprecedented rules on self-driving vehicles, General Motor’s involvement is not making it any easier. As the world gears up for driverless … Continue reading Safety Or Crony: General Motor’s Attempt To Lay Out The Rules