According to the most recent Census Bureau data on state-to-state migration flows, 523,000 people moved to California from other states. But at the same time, more than 661,000 Californians moved to other states. That is, on net, nearly 138,000 more people left California than moved into it from elsewhere in the US. Yet, California isn’t the worst
States like Texas, Florida, Arizona, and Colorado are experiencing an influx of migrants from other states. Often, these migrants come from so-called blue states like New York, California, and Illinois — all of which are sending more people to other states than they are receiving in return. [RELATED: “ Americans Continue to Flee to Low-Tax States
Money supply growth slowed in January, falling to the second-lowest rate recorded since February of last year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated little since March of last year In January, year-over-year growth in the money supply was at 3.3 percent. That was down
Auto loan delinquencies surged in 2018, rising to 2.36 percent, which was the highest rate since the third quarter of 2010. Bloomberg reports : More Americans than ever are at least three months behind on their auto loans, a sign that the U.S. economy may have little growth left in the tank. The number of loans at least 90 days late exceeded 7
According to the Federal Reserve’s Underlying Inflation Gauge , the 12-month inflation growth in January 2019 was at 2.9 percent. That’s a 12-month low, and reflects the anemic economic growth the Federal Reserve has recently identified as a reason to slow down or stop the earlier-stated plans to raise the target interest rate and sell-off the
The Federal Reserve Board of Governors today released a new report today noting changes in net worth for households and nonprofit organizations . As a result, the Drudge Report featured, at the page top, the headline “ Households see biggest decline in net worth since the financial crisis... “ The placement and asserted urgency of the headline may
The average square footage in new single-family houses has been declining since 2015. House sizes tend to fall just during recessionary periods. It happened from 2008 to 2009, from 2001 to 2002, and from 1990 to 1991. But even with strong job growth numbers in recent years, it looks like demand for houses of historically large size may have
In discussions about the ease or difficulty with which one may attain the so-called “American Dream” it is not uncommon to hear that in the past, a family needed only a single wage earner in order to attain the alleged dream. This is generally based on assumptions about the the past in which it is imagined that most married women stayed home and
In the United States, local governments continue to play a sizable role in constraining the amount of develop-able land, and in adding costs to housing development in the form of development fees, zoning, building-materials mandates, and minimum-size mandates. Yet, housing continues to cheaper in the US when compared to much of the world.
As the issue of reparations for victims of slavery rages within the Democratic party and on cable news stations, we encounter a common problem: virtually no one is addressing the specifics of how such a reparations effort would be administered. Who exactly would receive these reparations payments? Who would pay them? How would guilt and victimhood
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.