There is a growing body of research on the consequences of excessive land use regulation. The connection between excessive land use regulation and losses in housing affordability, has been linked to the doubling or tripling of house prices relative to incomes in places as diverse as Hong Kong, the United States, Canada, Australia, New Zealand and the United Kingdom.
Labor unions are fighting hard to maintain the power to force people to join unions as a condition of work. In June, Gov. Jay Nixon, Missouri Democrat, vetoed a bill banning forced union membership and forced union dues payments in the workplace, and the legislature just upheld his veto.
According to the new United Nations World Population Prospects: The 2015 Revision, the population of the world is projected to rise from 7.3 billion in 2015 to 11.2 billion in 2100. This represents a 53 percent increase. However, over the period, population growth will moderate substantially. This is indicated by the annual growth rate the first year (2015 to 2016), at 1.1 percent, compared to the last year (2099 to 2100) at 0.1 percent. Annual population growth is projected to decline 90 percent from the beginning of the period to the end (Figure 1).
For decades, California’s housing costs have been racing ahead of incomes, as counties and local governments have imposed restrictive land-use regulations that drove up the price of land and dwellings. This has been documented by both Dartmouth economistWilliam A Fischel and the stateLegislative Analyst’s Office.
In today’s edition of The Heartland Daily Podcast, we listen in as Heartland Senior Fellow Peter Ferrara joins The Larry Kudlow Show. Ferrara is the author of the recently released book on entitlement reform titled Power to the People. Ferrara and Kudlow discuss the potentiality and likelihood of a 4% growth rate in America.
Instead of doubling down on outdated policy ideas such as raising taxes and increasing government spending, state governments facing budget crises should look to successful states for ideas on how to jumpstart their own economies and reverse population declines. Fortunately, there are resources they can use to make the case for innovation in government.
Keynesians never seem to learn. Every time an economy slows down or reverses gears and “goes negative,” in terms of growth and employment, their only answer is a call for “aggregate demand” stimulus and more government spending manipulation.
The California Department of Finance (DOF) has issued population projections for the state’s counties to 2060. Forecasts are provided for every decade, from a 2010 base. The DOF projects that the the state will grow from 37.3 million residents in 2010 to 51.7 million in 2060.
Updated data from NASA satellite instruments reveal the Earth’s polar ice caps have not receded at all since the satellite instruments began measuring the ice caps in 1979. Since the end of 2012, moreover, total polar ice extent has largely remained above the post-1979 average. The updated data contradict one of the most frequently asserted global warming claims – that global warming is causing the polar ice caps to recede.
Old fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is significant unemployment and slow economic growth it must be due to not enough consumers’ spending in the economy, what Keynesian economists call a “failure of aggregate demand.”
As demographers have projected for some time, China’s population growth is slowing. The nation gained population at a rate of 0.49% between 2010 and 2013, according to data from the National Bureau of Statistics. This is a reduction from the rate of 0.57% between 2000 and 2010. Further growth rate declines are expected until the 2030s when the total population, according to United Nations projections, will actually begin to decline.
Obamacare recently passed the five-year milestone, and etiquette would suggest an anniversary gift is in order for the politicians who passed and implemented the law. The traditional gift for five-year anniversaries is wood, and the more modern gift is silver. In this case, I’d recommend silver pieces – more than 29 but fewer than 31 – in light of the betrayal against American workers this law represents.
Texas continues to dominate major metropolitan area growth. Among the 53 major metropolitan areas (with more than 1 million population), Texas cities occupied three of five top positions in population growth, and four of the top 10 (Figure 1).
In this edition of The Heartland Daily Podcast, managing editor of environment and climate news H. Sterling Burnett talks with John Charles. Charles is the president and CEO of Oregon’s preeminent free-market public policy institute, the Cascade Policy Institute.
According to the just released 11th edition of Demographia World Urban Areas (Built-Up Urban Areas or World Agglomerations), there are now 34 urban areas in the world with more than 10 million residents, the minimum qualification for megacity status. Tokyo-Yokohama continues its 60 year leads the world’s largest urban area. Before Tokyo-Yokohama, New York had been the world’s largest urban area for 30 years. London’s run, preceding that of New York, was much longer, at more than 100 years. Beijing, which was the first of today’s megacities to reach 1,000,000 population, held the title for 75 years before London, according to census and urban historian Tertius Chandler.
A recent study of eminent domain takings and their associated state and local government tax revenues suggests buying grandma’s farmhouse to make room for a strip mall isn’t the automatic economic boon it’s claimed to be, leaving some wondering if the use of eminent domain as an economic booster is ethical.
Last week, Heritage Foundation President, Jim DeMint and Heritage Action for America Chief Executive Officer, Michael Needham led a discussion at Chicago’s Ritz Carlton. Their topic was “A Bold Agenda for a Better America: Taking on the 114th Congress”, as a way to deliver opportunity to all, but favoritism to none.
Of importance to Moore is that people are not paying enough attention to how red states are getting redder (run by Republicans with pro-growth and pro-market oriented policies), while blue states are getting bluer.
Americans’ rights and prosperity are being threatened by cronyism, Ayn Rand Institute’s Steven Simpson said last week during a symposium hosted by Heartland Institute in Chicago. “The issue is that government has too much power and has strayed far beyond its proper purpose of protecting rights,” Simpson declared.
All this fuss over one buried gas transmission line, a minor addition to the 200,000 miles of such pipelines already transporting natural gas in the United States. The county has electric power lines that are more visually obtrusive and carry more soil erosion risk. We apparently accept those intrusions because we all plug into the wall sockets. The shale gas pipeline, however, will initially carry most of its gas to the cities of coastal Virginia and North Carolina, so it is resented here. Big mistake.