Neal McCluskey This morning, vice president and presumptive Democratic presidential nominee Kamala Harris is scheduled to speak to the national convention of the American Federation of Teachers, the country’s second-largest teachers union. She will almost certainly talk about raising teacher pay, perhaps harkening back to her
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.
In the wake of the Labor Party's huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than they pretend to be.