Faces of $15: Seattle Subway Slashes Staff
22 Jun 2017 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, labour economics, minimum wage Tags: offsetting behaviour
Wouldn’t banning overseas landlords reduce the supply of rental housing?
18 Jun 2017 Leave a comment
in applied price theory, economics of regulation, politics - New Zealand, urban economics
Both the Labour Party and the Greens as well as the local Donald Trump want to ban foreigners from buying houses in New Zealand.
Seems to me that if you want to increase the supply of rental housing to reduced rents to poor families, you would want to encourage absentee landlords rather than first-time buyers. Is my logic wrong?
Price Floors: The Minimum Wage
17 Jun 2017 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, labour economics, minimum wage Tags: price controls
Early temperance movements were a public health setback
10 Jun 2017 Leave a comment
in applied price theory, economic history, economics of regulation, health economics Tags: economics of prohibition, offsetting behaviour, The fatal conceit, unintended consequences
Watching a history of prohibition. Started in 1850s, at least half a century before safe drinking water was freely available such as through tap water.
Beer was much safer than drinking water until a good way into the 20th century. Initial temperance movement was against hard liquor but quickly was about abstinence.




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