“High End” Apartment Construction Totally Dominates, Creates Mismatch of Supply & Demand
Urban apartment development all over the US has been heavily skewed towards luxury units, even though there isn’t enough demand for all the supply.
Read more...Author Archives: Yves Smith
The Curiously Varied Impact of Recessions on Political Stability: The Role of Trust
A wee example of how lower levels of trust impose real economic costs.
Read more...Toys ‘R’ Us to Come Back from the Dead
Toys ‘R’ Us will be back, albeit in a skinnied down form.
Read more...Disaster Profiteers vs. the People of Puerto Rico
Puerto Rico shows how distress and grifting too often go hand in hand.
Read more...Links 10/3/18
Brexit Notes: Tory Conference and DUP Demands Yield More Insanity
Brexit has officially gone around the bend.
Read more...Death by Fertilizer
Why nitrogen fertilizer is a disaster and whether there is a way to get over modern dependence on it.
Read more...New Study: Median Uber Driver Earnings $9.73/Hour After Conservative Assumption for Costs
More on the dismal economics of being an Uber driver.
Read more...Why the Distribution of Wealth Has More to Do With Power Than Productivity
How statistics about wealth mislead, and why that matters.
Read more...Randy Wray: Modern Monetary Theory – How I Came to MMT and What I Include in MMT
A short history of MMT and and overview of core principles.
Read more...Announcing Tucson Meetup for Tuesday, October 9
Tucson is kicking off the first fall NC meetup!
Read more...Links 9/29/18
Steve Keen: How Economics Became a Cult
Steve Keen, author of Debunking Economics and one of the few economists to foresee the crisis, explains what is wrong with the discipline.
Read more...Measuring Unfair Inequality
Quelle surprise! A new study deems the US to be the leader in unfair inequality.
Read more...A Rational Backlash Against Globalization
“In a democratic society that values equality, globalization cannot survive in the long run.”
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