Category: Regulation

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 |

[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 |

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 […]

We know where you live: Part 2, slowing the movement toward IPO

17 October, 2013 (09:00) | Airbnb, Hotels, Innovations, Law, Leases, Markets, New York City, Regulation, Rent control, Speculation, US News |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on New York Attorney General Scheneiderman’s subpoena of all 225,000 New York City Airbnb landlords, as reported in Quartz (October 7, 2013), is the prompt fulfillment of my speculation, three weeks back, that Airbnb was courting enforcement of New York City’s laws against […]

We know where you live: Part 1, all 225,000 hosts

16 October, 2013 (10:49) | Airbnb, Hotels, Innovations, Law, Leases, Markets, New York City, Regulation, Rent control, Speculation, US News | 1 comment

By:David A. Smith   That didn’t take long, did it?   What just happened?   About three weeks ago, I speculated that Airbnb was asking for trouble with its active solicitation (and one might even say enablement) of illegal subletting of New York City apartments into rent-easy short-term rooms for guests and visitors.  Delving at […]

Outbreak of informality: Part 2, Don’t think of it as protection money

19 September, 2013 (09:00) | Airbnb, Apartments, Formalization, Hotels, Housing, Informality, Markets, New York City, Regulation, Rent stabilization, Rental, Sublets, Theory, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   In yesterday’s post, riffing on a short article in Crains New York (August 19, 2013) about New York City’s efforts to ‘do something’ about the outbreak of people renting their apartments for short-term stays via Airbnb and similar web sites, I explored the whole category […]