Archive for 2014

Tales of NYC tenant-security law

Although we call it “rent control,” the key thing it controls is often not so much what you can charge for a lodging as whether you can ever reclaim it. This recluse successfully held out for $17 million to relinquish his moldy, squalid rented lodging at what is now 15 Central Park West. [New York Post]

P.S. But at least the U.N. likes the idea. While on the subject of legal insanity in NYC real estate: Andrew Rice, New York mag, “Why Run a Slum If You Can Make More Money Housing the Homeless?” I wrote about the epic New York City homeless-rights litigation in Schools for Misrule, and more links are here.

“Minimum wage, maximum derp”

Unemployment among British 16- and 17-year-olds suddenly began to surge after 2005. “It’s ‘difficult to explain’ … right. A total mystery. I can’t think What might have caused it.” [BritMouse via Scott Sumner.EconLog]

More: Don Boudreaux. “A poor way to reduce poverty” [Joseph Sabia, Cato Tax and Budget Bulletin, PDF] And don’t hold back, SmarterTimes, tell us what you think re: New York Times hand-wringing on the subject.

On state liquor regulation and the “three-tier” system

I spoke on Thursday to the Bastiat Society chapter in Charlotte with some observations rooted in public choice theory about the “three-tier” system of state liquor regulation familiar since Prohibition. A few further links for those interested in the subject:

Megan McArdle at Cato


She talked about her new book The Up Side of Down, on failure, which has many policy implications (and quotes me on “blamestorming”); her examples included Hollywood production cost overruns, New Coke, L.A.’s healthy school lunch program, and (in the book) Avenue Q. Arnold Kling contributed very illuminating comments, and my Cato colleague Dalibor Rohac moderated. More here (including audio podcast version) and at Arnold Kling’s site.

Political poster week at Cato

Socialism_Inspectors
I’ve been blogging about a different political poster each day this week at Cato:

* Monday, “Socialism Would Mean Inspectors All Round,” 1929 British Conservative Party poster;

* Tuesday, “Come on, Dad! We’re going to vote Liberal,” 1929 British Liberal Party poster;

* Wednesday, “I Need Smokes,” World War One American poster;

* Thursday, Art Deco Prohibitionist traffic safety poster.

Update: and here’s Friday’s final installment, a contemporary freedom-of-the-press poster from Jordan.