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
The Silver Fox Gets Us Ready For A Rate Hike
To update, the Fed has increased the fed funds rate 25 basis points to 1 percent as of March 15. Read more here. Whether or not the Silver Fox is just teasing as usual, it is definitely time for millennials to experience a rate hike with interest rates above zero. On March 3, the Fed’s … Continue reading The Silver Fox Gets Us Ready For A Rate Hike
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