

The Bureau of Labor Statistics measures changes in housing costs in ways that change slowly and arrive too late. Studies from the BLS, Federal Reserve Banks and prominent economists find lags of 12-18 months before changes in rents and/or house prices finally get...
We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low

All Housing is Still Affordable Housing: “Seen and Unseen” Edition
A little more than a year ago I wrote a piece in this space called “All Housing is Affordable Housing.” The claim was that the essential step toward reducing the housing shortage was to make it legal to build new affordable housing. I did an estimate of the break-even...
All Housing is Still Affordable Housing: “Seen and Unseen” Edition

So Why Aren’t We Paying Down the National Debt
If you believe the media hype, a storm awaits America. The US government will have to fight off neo-Nazi religious fanatics, massive climate change, financial armageddon, mass species extinction, alien invasion, dollar dominance collapse, Russia and/or China,...
So Why Aren’t We Paying Down the National Debt

Secession is here: States, cities and the wealthy are already withdrawing from America
Rep. Marjorie Taylor Greene, a Republican from Georgia, wants a “national divorce.” In her view, another Civil War is inevitable unless red and blue states form separate countries. She has plenty of company on the right, where a host of others...
Secession is here: States, cities and the wealthy are already withdrawing from America

The myth of voting with one’s wallet
Originally published September 2020. Do Americans “vote with their wallets?” This near-ubiquitous cliche seems at first to pass the test of common sense. Why wouldn’t people vote for the candidates under whom they’ll do the best financially? A wealthy voter should...
The myth of voting with one’s wallet