The Port Authority Bus Terminal is currently the busiest bus terminal in the world, and it’s running at capacity. It is clear that something needs to be done. First and foremost, let’s deal with this argument that we don’t have the money. From 2010-2019 the United States built 2103 new miles of transit and 21,950 …
Yearly Archives: 2022
Republican governors 2022
Let’s do a quick roundup of Republican governors and see if they are fit for office. Ron DeSantis and Greg Abbott would rather spend millions of dollars flying refugees to Martha’s Vineyard than ensuring they have the resources necessary for the ongoing hurricane season. Does this seem like a reasonable use of taxpayer money? Eric …
US GDP overview, Q2 2022
Well this is a weird recession, and a very mild one at that, but yes, definitely a recession at this point. When economists like myself look at recession data we generally look at the whole picture. We want to know not just “is the economy in a recession” but “why is the economy in recession”. …
Commonwealth free trade is a bad idea by itself
One reason a lot of people support Brexit has been for the United Kingdom to create a European Union-like organization among its commonwealth realms, and they argue this will increase the United Kingdom’s power projection. Let’s compare what this will be compared to the European Union which the United Kingdom has left. European Union …
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Putin has destroyed Russia
If you look at the Russian population pyramid, there are several important places to remember which are clear in this population pyramid as I have clearly marked. Russia didn’t have to have its current baby bust. If Russia hadn’t invaded Ukraine and focused on upskilling Russians, growing their domestic economy, and improving the quality of …
Ideal transportation system
Going from smallest to largest… We’ll use the Capitol Building of the United States of America as our reference point, because a large percentage of Americans have visited it at least once in their lives, and if you haven’t, you need to. LEVEL 0: Private cars First of all, we will always have cars. 20% …
How Trump became president
The presidency of Donald Trump was one of the worst America ever had. Even though he had few legislative accomplishments, America won’t be safe until the courts are unstacked from what he did. Donald Trump didn’t even win the popular vote, but reduced turnout and a lack of campaigning in three states gave him a …
Sending surplus to taxpayers is bad economics
On the surface, to someone who doesn’t understand macroeconomics, sending surplus money back to taxpayers sounds like a great idea. It sounds like a benefit to taxpayers to give them relief and helps people out. Right? But in reality, it is not a good policy. This creates a pro-cyclical fiscal policy which means people pay …
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The choice 2022
Today’s student loan forgiveness is a massive shift in the right direction. It helps America move back to a time when anyone who was willing to do the hard work of going to school was able to, regardless of their parent’s ability and willingness to pay. Reminder: CHILDREN OF RICH PARENTS CANNOT QUALIFY FOR STUDENT …
Wishful thinking as national policy
New CDC advice: push all of your money in bonds when the stock market goes up! I’m a little frustrated here… This whole idea of loosening up our policies when they start to work is moronic. We cannot do science via popular opinion, we need to do policy based on science, which is based on …