We need to ‘take our time’ to get rate cuts right
The European Central Bank must take its time to get interest rate cuts right and will have a clearer picture of inflationary pressures in June, the institution’s chief economist told CNBC. “A lot of evidence is accumulating, but what’s also fair to say is that the transition from this holding phase, we’ve been on hold […]
How NIMBYs increase carbon emissions
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. A shopkeeper’s son smashes a window, causing a crowd to gather. Its members tell the shopkeeper not to be angry: in fact, the broken window is a reason to celebrate, since it will create work […]
The private-equity industry has a cash problem
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. How much money are your private-equity investments making? The question is easy to answer for other asset classes, such as bonds or publicly traded stocks. All that is required is the price paid at purchase, […]
China’s economic bright spots provide a warning
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. If America’s economy begins to deteriorate, people in Ningbo will be among the first to know. The eastern Chinese port, home to 9.6m residents, contains a sprawling industrial district. Its goods are prepared for export, […]
Two Birds of a Fiscal Feather
Multifamily housing for rent. For decades, controversies about property taxes and rent control have been near the top of the list of state and local government disputes. Proposition 13 and the other efforts to limit property taxes that it inspired are a prime example. So are the ongoing efforts ever since by those whose nests […]
Biden New Regs Will Cost Up To $25,000 Per Home To Comply
QUESTION: Mr. Armstrong, you know law like no other analyst. My air conditioner bit the dust, and it was a 14-seer 2-ton split heat pump. The repair company told me that I had to put in a whole new system because Biden changed the specs, and you now must have a 14.5-seer, so everything has […]
Industrialization > Imperialism – Econlib
Did nations get rich on the backs of other nations? Did the West get rich from imperialism? Noah Smith says no. But why not? In this episode, EconTalk host Russ Roberts welcomes Smith back to discuss these questions, based in part on a piece Smith published on his Substack. Smith tells Roberts that when most people […]
