No Nonsense Economics
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Here in Los Angeles, the first thing visitors learn is that our public transportation system won’t get them anywhere. The second thing they learn is that, according to legend, Henry Ford is the reason why. Car manufacturers (tire manufacturers in some retellings) tore up all of the train lines in Los Angeles in the early 20th century to make way for more streets and highways, and the City’s...
Not long ago I wrote a short piece here on No Nonsense Economics noting that the current water situation in California should more aptly be named a ‘water shortage’ rather than a ‘drought’, the difference being that a drought is a water shortage with significant negative economic consequences. Such consequences are not something the state has experienced over the last few years given the over 3% employment growth, sharp increases...
Well, we recently went through the annual process of moving our clocks ahead an hour for daylight savings, and once again, the whole process has come under attack. This year it was featured prominently on the HBO comedy series Last Week Tonight with John Oliver in a segment called “Why is this still a thing?” There was nothing terribly new in the segment, but it is worth having the daylight...