Youth debt levels falling

There is a story out there that young people are facing escalating levels of debt. The student debt crowd is specifically fond of this story. But it isn’t so. The above graph comes from a recent Fed report that primarily set off a swarm of discussion about mortgages and car loans. More interesting to me… Continue reading Youth debt levels falling

Landlords and capitalists

Jesse Myerson has an interesting piece about apartment rent out today. The piece is mainly about about how such rents are unearned income for landlords, who are thus like lords in the feudal sense of the word. Myerson then goes on to propose ways to deal with that. I wont talk too much about the… Continue reading Landlords and capitalists

The death spiral of futile leftism

The left-left side of the blogosphere is chattering about lefter-than-thou sniping that is apparently aimed at people associated with the Jacobin. For readers who don’t pay attention to that stuff, Jacobin magazine is a socialist magazine that is popular. The lefter-than-thou crowd is comprised of people who do everything they can to throw bombs at… Continue reading The death spiral of futile leftism