Category: Markets

Cosh and carry: Part 2, Money for the Einsteinian political economy

10 April, 2014 (15:13) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation | No comments

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s post, using as source material two articles, one from the Economist (April 5, 2014), the other from the Wall Street Journal (March 27, 2014; green font), both commenting on a new paper published by the National Bureau of Economic Research, established that the rise of […]

Cosh and carry: Part 1, Money in the Newtonian political economy

10 April, 2014 (11:45) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation | No comments

By: David A. Smith If you’re like most readers of this blog, in your wallet you carry both cash and credit cards – and over the years, your use of cash has dropped as your use of credit cards has risen, because they’re quicker and easier (swipe and go), self-replenishing (no more searching for an […]

Tax on the option? Part 3, Rules that are holding us back

31 March, 2014 (13:22) | Affordability, de Blasio, Development, Economics, Housing, Land use, Local issues, Markets, New York City, Real estate taxes, Zoning | No comments

[Continued from yesterday's Part 2 and the preceding  Part 1.]   By:David A. Smith   What can I introduce next?   During my continuing ruminations in the two preceding parts on new Mayor Bill de Blasio’s proposal, one of a very whirlwind of ideas he has summoned for the New York media (such as real-estate-related […]

Tax on the option? Part 2, Supplying clean air and light

28 March, 2014 (10:00) | Affordability, de Blasio, Development, Economics, Housing, Land use, Markets, New York City, Real estate taxes, Zoning | No comments

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post, via the Gotham-centric Crain’s New York (November 24, 2013), introduced a proposal by then-candidate and now mayor Bill de Blasio that vacant parcels would be assessed for real estate tax purposes not on their current use, nor on their eventual use if developed […]

Tax on the option? Part 1, A long-running and counterproductive loophole

27 March, 2014 (09:00) | Affordability, de Blasio, Development, Economics, Housing, Land use, Local issues, Markets, New York City, Real estate taxes, Zoning | No comments

By:David A. Smith   Whether or not new Gotham mayor Bill de Blasio succeeds in any of his ambitious plans, he is certainly going to be an endless source of blogger’s delight, I can see, for his combination of frenetic intellectual energy, verbal pugnacity, and flair for attracting attention – and the clashes between him […]