Economics

YOU'RE HIGH AND YOU'RE LOW

A few days ago, the US stock market suffered its worst day in 2019 because of fears of a trade war. To get a better sense of how much of a stock market drop it was, here’s a visualization of the US stock market in the past 10 years.

THE RENT IS STILL TOO DAMN HIGH

Generally, economists argue rent control restricts housing supply and is counterproductive to affordability in the long-term. But could that consensus be eroding?

BOOM AND BUST

In a variety of different areas, the Baby Boom generation created, advanced, or preserved policies that made American institutions less dynamic — creating a crisis for younger Americans.

STAY AHEAD OF THE CURVE

Essentially, it’s a market simulator. You play against our automatic pricing agent. Both of you will be selling a product at a specific starting price that you adjust throughout the game according to how well the product sells at each price level.

INEQUALITY? NOT INEVITABLE. GUILLOTINES...?

Inequality is unlikely to fall much in the future unless our attitudes turn unequivocally against it. Among other things, we will need to accept that how much people earn in the market is often not what they deserve, and that the tax they pay is not taking from what is rightfully theirs.

GDP? WHO'S SHE?

After running a campaign on the idea that America was an impoverished wasteland, Donald Trump has spent his presidency bragging about the economic expansion that began under Barack Obama but continued under him. Trump isn’t wrong, exactly, when he celebrates the “record economy” in his tweets — but that doesn’t mean Americans really believe a rosy overall economy is improving their lives.

WE'RE (STILL) MAKIN' PAPER

In a turnaround, congressional analysts are no longer recommending a phaseout of paper dollars in favor of a dollar coin. Paper money is lasting longer because of cashless transactions.

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