by jpitney | May 19, 2025 | California Politics, Housing
Andrew J. Campa at LAT: California defines income levels by how they compare with the area’s median income. In areas with unusually low or high housing costs, however, those definitions are often tweaked to reflect the reality for area residents. That allows for the...
by jpitney | Feb 17, 2022 | Debt, Economic Policy
Desmond Lachman at Inside Sources: The major problem with a high public debt level is that it saddles the government with large future interest payment obligations. That leaves little room for other public expenditures and makes it difficult for the government to...
by jpitney | Feb 24, 2021 | Debt, Economic Policy
Many posts have discussed the deficit and the debt. Policymakers and the general public have tended to ignore these problems in recent years, in part because of low inflation and interest rates. We have not had a double-digit annual increase in the consumer price...
