“Risk, for better and worse,” writes Schrager for City Journal, “is at the heart of economic growth, and successfully apportioning it—not avoiding it—is the key to prosperity.” While government has a role to play in managing risk, the U.S. economy has thrived by trusting markets to allocate it efficiently. Overly intrusive efforts to reduce risk in the economy—such as California’s new law regulating freelance or “gig” work—may prove counterproductive to workers of all incomes.
For nearly 20 years, “food deserts”—neighborhoods without supermarkets—have captured the attention of public officials, activists, and the media, who often blame the situation on dollar-discount stores in these areas. These stores, it’s claimed, drive out supermarkets with their low prices and saturate poor neighborhoods with junk food. But are dollar stores really to blame for bad diets?
Manhattan Institute's Michael Hendrix interviews Mayer Brown partner Andrew Pincus, the lead attorney in a lawsuit taking on New York State’s sweeping rent-regulation laws.
In 2019, New York strengthened its already-strict rent regulations, while state legislatures in Oregon and California approved caps on rent increases. Representative Alexandria Ocasio-Cortez and Senator Bernie Sanders have even proposed national rent-control policies. Pincus explains what's wrong with rent control, from violating due process and property rights to shutting out newcomers attempting to find housing in cities.