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EconomicPolicyJournal.com


With the double whammy of layoffs in Silicon Valley and the San Francisco tourist sector destroyed by Mayor London Breed's first in the nation lockdown, rent prices in the city by the bay are doing something they rarely do, they are falling.
It appears rents are down by about 15% in Fog City as I write. The last published numbers, last week, showed rents down about 10% by they are down more now. It is a San Francisco rarity, a renters market.
At the same time, south and a bit east, Palm Springs and the surrounding desert area are experiencing a real estate boom in the middle of August heat when the area is generally shut down.

EconomicPolicyJournal.com


Jayson Hickey emails:
I have a son who has just graduated high school and wants to save and invest the money he received from family at his graduation party.
I'm curious to what investment vehicle he should start his investment portfolio.
Should he put it in a money market type fund and add to it until it grows to a certain amount? Should he subscribe to EPJ Daily alert and start a brokerage account?
My 50 year old self would tell my 18 year old self to put money in funds that are performing well, like defense, alcohol, guns, and gold. As it is the most practical advice I can give to him is spend less than you make and save the rest.

EconomicPolicyJournal.com: William Harold Hutt: A Birthday Appreciation


Hutt’s 1971 book 
Politically Impossible…? was very much consistent with the public choice tradition; in it, he exhorted economists to think not about what is politically feasible in the short run but rather what is best in the very long run. This is interesting in part in light of his 1943 book 
Plan for Reconstruction, which saw Britain’s eventual demilitarization and recovery/reconstruction after World War II as an opportunity to make efficiency-increasing institutional changes that would, ultimately, lead to even greater prosperity. It is a contribution that is very much in the spirit of what Mancur Olson would write in his 1965 

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