November 21, 2024
A Local Option for Natural Gas Fracking
The 2024 election was a referendum on a wide range of issues, but there’s no doubt that increasing domestic fossil-fuel production—“energy dominance,” as Donald Trump now calls it—was on the ballot and won. Kamala Harris backed away from her past calls to ban fracking but nonetheless lost Pennsylvania, where voters seemed to doubt her sudden…
November 15, 2024
JD Vance is Right: Reduce the Power of Big Foundations to Help Charity
In his 2021 campaign for Senate, JD Vance, now vice-president-elect, minced no words in expressing his disdain for two of America’s largest private, philanthropic institutions: the Ford Foundation and the Gates Foundations. Both are, he said, “fundamentally cancers on American society but they pretend to be charities, so they benefit from preferential tax treatment.” Their endowments, he continued,…
November 12, 2024
The National Assessment of Educational Progress Recompete: Is It Real Change or Lipstick on a Pig?
Key Points Read the PDF. The American government runs on contracts between government agencies and private companies (both for- and not-for-profit).1 When things go awry, it is often because a long-term incumbent contractor lacked the incentive to provide more cost-effective services or accountability for a poor product, both of which have been made clear by the…
November 10, 2024
The Risks of Nonprofit Local Journalism
The decision of Washington Post owner/Amazon founder Jeff Bezos not to allow the paper’s editorial board to endorse a presidential candidate has stirred disappointment cum outrage among the paper’s readers — some 250,000 have gone so far as to cancel their subscriptions. Bezos, with the deepest of pockets, was once viewed as the Post’s savior — now he’s the devil in…
November 9, 2024
NYC Safe Injection Sites Reduce OD Deaths—but Not in the Worst Neighborhoods
There is a glimmer—the slightest bright spot—of good news about drug overdoses in New York. The city’s Health Department reports that overdose deaths in 2023 declined compared to the previous year—but they fell just one percent, from 3,070 to 3,046. A close look at that number reveals not only is it tiny, but that an important indicator…
November 7, 2024
Key Data on Federal Benefits Paid to Illegal Immigrant Households
Soaring illegal immigration during the Biden-Harris administration was a major campaign theme, with a pre-election Harvard poll finding Americans considered immigration the second-most important issue—right behind inflation and ahead of the economy. An AP exit poll seconded that ranking, with 39 percent of voters citing the economy as their top issue, followed by immigration at 20 percent—up from three…
November 7, 2024
Introducing the “More Accurate Consumer Price Index”
Abstract Particularly since the 1990s, federal statistical agencies have worked to improve the ability ofvarious price indexes to measure changes in the cost of living. However, in recent years, somehave sent mixed signals to researchers about the relative merits of different measures. As aresult, academic and policy researchers routinely use theoretically and empirically inferior priceindexes…
November 5, 2024
Never Let a Crisis End
New York City’s perennial housing crisis—the city has regularly declared a housing “emergency” since 1971—is back on the city council’s agenda, with two proposals to address it. On the surface, the two plans, one championed by Mayor Eric Adams, the other by City Council Speaker Adrienne Adams, seem complementary; both promise more housing. But a…
November 5, 2024
Harvard Professor Edward Glaeser on the U.S. Housing Crisis
Why are U.S. housing prices so high? Edward L. Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, is an expert in housing and urban economics. His work highlights the relationship between housing supply, urban growth, and economic prosperity, offering insights for policymakers to create more sustainable and equitable urban environments through…
November 4, 2024
Again, Tariffs Didn’t Make American Manufacturing Great
Nationalist/populist conservatives, including the Republican nominee, claim that US economic history supports their views of trade protectionism. Donald Trump says “tariff” is “the most beautiful word in the dictionary” and that America “in the 1890s was probably the wealthiest it ever was” because of its tariff system. First, per capita GDP is, conservatively, seven times higher…