Sunday , December 15 2019
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Low Property Taxes and Obstructed Housing Supply Are a Bad Mix

In parts nine and ten of this essay series, I used this basic accounting identity to think about property taxes as a way for the state to be a sort of silent partner in the ownership of residential property and to claim monopoly profits as taxes: Net rental value after maintenance and expenses = Rate of return on investment × Price Where housing is politically constrained so that property values are inflated, property taxes can be a relatively pure claim of monopoly profits.  So, one could...

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Yet More Good News for American Workers

The monthly BLS jobs report released today was one more piece of good news in a long trend—the longest ever—of uplifting labor market statistics. The breakneck jobs growth of 2018 (with 225,000 jobs added per month on average) has slowed to a more moderate pace in 2019 (165,000 jobs added per month on average so far), but is still rising about twice as fast as needed to simply satisfy population growth. Employers added 164,000 jobs in July, with most of the growth occurring in education and...

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Cottage Neighborhoods, the Golden Girls' Zoning Law Violations, and Corporate Equality

The Last All-Male Board on the S&P 500 Is No Longer Vanessa Fuhrmans | The Wall Street Journal | Tweeted by Jennifer Huddleston Facing pressure from shareholders and state governments, companies have begun adding females to their boards of directors. In 2012, one in eight S&P 500 boards was all-male. The Soviet Space Program Was Not Woke Marina Koren | The Atlantic | Tweeted by Robert Graboyes While the Soviet Union “won the space race for equality,” their intentions were more...

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The Not-So-SMART Act

Addiction is a serious matter that deserves serious attention and treatment. It also deserves serious care: public officials should not too casually throw around the term to capitalize on moral panics about disfavored media technologies. Nor should they abuse this language to propose far-reaching, liberty-reducing measures. Unfortunately, this seems to be the case with Senator Josh Hawley’s (R-MO) newly introduced “Social Media Addiction Reduction Technology (SMART) Act,” which would prohibit...

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The Not-So-SMART Act

Addiction is a serious matter that deserves serious attention and treatment. It also deserves serious care: public officials should not too casually throw around the term to capitalize on moral panics about disfavored media technologies. Nor should they abuse this language to propose far-reaching, liberty-reducing measures. Unfortunately, this seems to be the case with Senator Josh Hawley’s (R-MO) newly introduced “Social Media Addiction Reduction Technology (SMART) Act,” which would prohibit...

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The State of State Data Laws, Part 1: Data Breach Notification Laws

A few weeks ago, Equifax settled with federal and state regulators to pay up to $700 million in damages and penalties from the 2017 data breach involving the personal information of millions of Americans. This is far from the only time data security and privacy have been in the news. Just this week, Capital One announced a major breach that exposed the data of 106 million customers and applicants. From privacy for social media and search to security for government organization and...

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