Tag Archives: Economic Policy

The Incoming Lombard Street Toll

Posted on by — No Comments ↓

Tolls in San Francisco are high and unavoidable. From most places in the bay area, the only way to get to San Francisco is to cross a bridge, and every bridge has a toll associated with it. Another thing worth noting is that according to rent reports, San Francisco is the most expensive city to live in. On Monday, a bill proposing a toll to drive down the infamous Lombard Street in San Francisco passed the Assembly and Transportation Committee in an 11-3 vote. This is monumental as the street has always been free. While Lombard Street is typically a Continue reading The Incoming Lombard Street Toll→

The Father of Capitalism and Freedom

Posted on by — No Comments ↓

Milton Friedman, who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, came up as a relevant figure in the past weeks. He is the father of the “laissez faire” libertarian mindset that challenges what he regards as “naive Keynesian” theory. Keynes was by no means a leftist and some would even say he came to save capitalism with his theory that free markets could not be counted on to provide full employment, later creating new rationale for large-scale government intervention in the economy. Friedman is remembered by his passionate belief Continue reading The Father of Capitalism and Freedom→

Argentina Eyes on Macri

Posted on by — No Comments ↓

In Buenos Aires all eyes have been on newly elected Argentine president, Mauricio Macri to fix the inflated state of the country’s economy. Macri was elected in December and promised Argentina’s citizens that he would curb inflation. But 8 months later there were reportedly tens of thousands rallying in front of the presidential palace in an “anti-Macri demonstration.” Some labor leaders and citizens are angry at the trajectory of the economy and for good reason. INDEC, the national statistics institute, stated that prices went up by 4.2% in May and The Wall Street Journal reported that unemployment rose to 9.3%. Continue reading Argentina Eyes on Macri→

2008 Financial Crisis Under the Magnifying Glass

Posted on by — 2 Comments ↓

It may be almost a decade after the 2008 financial crisis shook the US economy, but economists and financial managers are still trying to snuff out the causes of this pandemic. The idea of a “housing bubble” has been used to describe the confusion and ignorance around the risks of the housing market leading up to the collapse. This concept connects many different pieces within the US housing market, from borrowers to lenders to big players on Wall Street. But it is difficult for economists to pinpoint one key cause of this crisis. So the magnifying glass has been placed Continue reading 2008 Financial Crisis Under the Magnifying Glass→