A Nation of Homeowners or Renters?

Karl Smith at Bloomberg thinks America should become a nation of renters. Homeownership made sense, he says, when ownership costs were low relative to rent. But now, due to something he calls “financialization,” homeownership is too expensive, and so we should abandon the American dream of high levels of homeownership. It may be self‐​serving for them … Continue reading A Nation of Homeowners or Renters?

Fulton v. City of Philadelphia: Yes, It Was a Big Deal

Some have dismissed last week’s Supreme Court ruling in Fulton v. Philadelphia as small ball. I don’t agree. To begin with, as I observed last week, the line‐​up indicated that there is now a majority on the Court, if not yet a working majority, to replace the Employment Division v. Smith standard with a standard more favorable to accommodation of religious believers’ convictions. While … Continue reading Fulton v. City of Philadelphia: Yes, It Was a Big Deal