The San Francisco Board of Supervisors just approved a plan to build a homeless shelter. The problem is that the location of the shelter is on the city’s waterfront Embarcadero, which happens to be the most expensive neighborhood in San Francisco, where home sales have averaged nearly $1,200 per square foot. The ground leasing rights for the city’s Ferry Building, just down the street and on a similar size parcel, sold for $291 million earlier this year.
From July 2018 to June 2019, I served as Chief Economist of the Council of Economic Advisers (CEA). My primary responsibilities were preparing public reports, supervising senior economists and interacting with various groups in the White House and in the relevant agencies on a wide range of topics. As CEA engaged in topics, they were picked up by Kevin Hassett (especially tax and trade), Tom Philipson (esp. health, infrastructure, student loans), Rich Burkhauser (esp. labor, immigration, and social programs), or me (Affordable Care Act, socialism, regulation, wage growth, macro aspects of trade). On some of the topics I worked serially or in tandem with Tom (health insurance regulation, Medicare Part D, the Rx CPI, opioid prices) and in tandem with Rich (TROIKA).
Massachusetts Senator and Democratic presidential candidate Elizabeth Warren has now lost whatever slim chance she had of becoming President. In the first debate between Democratic Party presidential candidates, Warren endorsed the idea of taking away private health insurance from every American who has it, and replacing it with a socialist-style, one-size-fits-all government-run health plan.
Hoover Institution fellow Jamil Jaffer discusses creating an international sharing environment to prevent and stop cyber-threats that the US government and its allies face, which would help protect everyone from cyber-threats.
Originalism is the theory of legal interpretation holding that the meaning of a law is the original public understanding of the actual text. That is to say, we are bound to interpret a statute or constitutional provision to mean whatever the people at the time it was passed commonly understood its actual words to mean. It’s a pretty straightforward idea and comports with how most people read things in their everyday lives. Words mean what they mean, not what we wish them to mean.