Why do the Poor Choose to Live in Cities?

In the recent edition of Yale Economic Review (link), Ed Glaeser, Matthew Kahn and Jordan Rappaport ponder one of the most difficult and challenging puzzles of urban economics:

“The 2000 U.S. Census shows that the average poverty rate in American cities drops significantly , from about 20% to 7.5%, as you move from the . . . → Read More: Why do the Poor Choose to Live in Cities?

Dina Titus’ Mistake

As I articulated in my last commentary, artificially low interest rates brought on by loose monetary policy (i.e. the FOMC) causes capital to flow outward.  Tightening – while sending interest rates upwards and exposing insolvencies outright – reverses this and capital flows back into the system, consequently lowing the natural rate of interest.

Dina Titus’ . . . → Read More: Dina Titus’ Mistake

Economic Events on September 13, 2010

At 2:00 PM EDT, the Treasury budget for August will be released.  The consensus is a deficit of $95 billion, which is larger than the historical average, but less than last August.

Join the forum discussion on this post – (1) Posts