Recent Streetsblog USA posts about Economics

Photo: Credit Now Auto Sales

What Comes After the Auto Bubble?

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Vehicle travel in the United States has experienced a resurgence in the last two-and-a-half years, following an unprecedented decade-long per-capita decline in driving. Low gas prices are likely a big reason why; recent increases in incomes and employment as well. But an additional factor has been relatively unexplored: the effect of changes in credit markets on vehicle purchasing and ownership.

How Cutting Back on Driving Helps the Economy

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Cross-posted from City Observatory As Americans drive less and spend less on fuel, they have about $150 billion annually to spend in other ways. There are two kinds of economics: macroeconomics, which deals in big national and global quantities, like gross domestic product, and microeconomics, which focuses on a smaller scale, like how the prices […]

Our Cities Can’t Afford So Many Rooftop Spas

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First, let me be clear: Tomorrow is April Fools, not today. This is real. There are luxury apartment buildings in Washington, DC, trying to lure renters with communal puppies. That sounds like the makings of a tiny tombstone engraved with “Tragedy of the Commons,” if you ask me. Who’s going to take responsibility for a […]