Pinned
This is shaping up as the most consistent finding in housing studies: Building lots of luxury housing can reduce rents at the top of the market—but the people it helps most are renters struggling to afford even the least desirable units
- Peter Navarro said something quite revealing on CNBC today about BMW's factory in South Carolina: "That doesn't work for America. It's bad for our economics, it's bad for our national security." This piqued my interest. I grew up very close to that BMW facility -- the company's
- NEW: America’s left-behind counties have just notched their best 3-year stretch of job and business creation so far this century—and nobody saw it coming. 🧵
- Replying to @LettieriDCThis is no trivial matter. Americans now lose more property to civil asset forfeiture than to burglary each year.
- This stuff is beyond pathetic. The H-1B program is deeply flawed and should replaced with a proper skilled immigration system. But get real: the “flood” of 85k H-1Bs per year—representing around 0.05% of the U.S. labor force—is going to destroy precisely nothing.The flood of Indian H-1B visas that Silicon Valley will import over the next five years will do to the White middle class what Mexican migration and outsourcing did to White working class Americans.
- The “globalization ruined everything” crowd is simply unable to reconcile their claims with this graph.
- I worry that if we simply solve climate change through technological innovation, we’ll be missing an opportunity to subvert capitalism.
- Every day it becomes clearer that many of the anti-Abundance types on here just literally don’t know what they’re arguing against.
- The entire premise here — that the U.S. economy is “based solely on the financial sector and government spending” — is untethered from reality. The U.S. has second highest manufacturing output in the world! Please get to know the economy before attempting to reinvent it.U.S. Trade Rep Jamieson Greer's opening remarks to House Ways & Means: "We must move away from an economy based solely on the financial sector & government spending, & we must become an economy based on producing real goods & services by American workers & our communities here.."
- This is an incredible exchange. 1. Any bilateral trade deficit—even if the counterparty has zero tariffs on US goods—is sufficient evidence of unfair barriers. 2. It’s not our job to actually identify barriers. We know they exist because that is the only explanation for a trade
- Folks, it’s really difficult to remain a first-rate global superpower while being hostile to productivity gains.The port union is demanding "total ban on the automation of cranes, gates and container movements that are used in the loading or loading of freight at 36 U.S. ports". This is bad. Should policymakers really allow this?
