Library of Economic Possibility

A knowledge platform for the next economy. Now available to the public with reports on basic income, codetermination, and land value taxes.

[Library of Economic Possibility @LEPossibility]

1/ The Library of Economic Possibility (LEP) is now live 🥳

Our mission is to advance public knowledge of innovative economic ideas for a thriving 21st century economy.

https://t.co/SQCglqbJjF

[kasey @kaseyklimes]

How land value tax (a tax *cut* on buildings) creates a virtuous cycle of development, reducing the price of both land and housing.

…and how it can pair with inclusionary zoning to create even more affordable housing.

[kasey @kaseyklimes]

You might know how land value tax could address the housing crisis, or how inclusionary zoning creates affordable housing.

But something unique happens when you combine the two.

A Policy Alchemy for the Housing Crisis
https://t.co/hUW1oa2CoN

[Library of Economic Possibility @LEPossibility]

📣 come hear the good news

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

The wealth of a typical American household is way up since the pandemic.

Inequality is down.

Debt-to-income ratios are falling.

Racial gaps, education gaps, urban-rural gaps, and age gaps have decreased.

https://t.co/jHhsHH3awk

🇺🇸🇺🇸🇺🇸🥳🥳🥳

[Daryl Fairweather, PhD | Chief Economist @FairweatherPhD]

TIL Minnesota has introduced a land value tax bill. Not sure how likely it is to pass, but Minneapolis might become America's first housing utopia with LVT and a single family zoning ban.

[Library of Economic Possibility @LEPossibility]

Let 1,000 economic policy research databases bloom! If you're looking for available datasets, @lenorepalladino's list here is a great resource.

If you're looking for insights about a particular policy or topic (or a combo of both), we hope our site provides a useful tool

[Library of Economic Possibility @LEPossibility]

Let 1,000 economic policy research databases bloom! If you're looking for available datasets, @lenorepalladino's list here is a great resource.

If you're looking for insights about a particular policy or topic (or a combo of both), we hope our site provides a useful tool

[Library of Economic Possibility @LEPossibility]

We need more experiments, and the public agrees! https://t.co/lh2qjXpvbw

[John B. Holbein @JohnHolbein1]

Does the public hate experiments?

No!

"We find that 75% support the idea of small-scale evaluations of policies before enacting them at a large scale."

Experimentally varying whether the evaluations are called "experiments" has zero effect on public support of experimentation

[Library of Economic Possibility @LEPossibility]

Another basic income experiment is in the works in St Louis. 👀 https://t.co/9YS8vCPjV8

[Mayor Tishaura O. Jones Archived @stlmayor47]

Trusting parents like @StocktonDemo participant Tomas to make the BEST financial decisions for their kids works - period! STL Guaranteed Basic Income will give hundreds of St. Louis families the financial stability they need to grow and thrive with $500/month direct payments ⬇️

[Andrew Justus👷🏼‍♂️🏘🏙🏗 @AWJustus]

Is Detroit fixing to be the biggest US jurisdiction with a split rate land value tax? https://t.co/jx3SWePR8N

[Library of Economic Possibility @LEPossibility]

One thing about the expanded child tax credit is that it seemed to work Really Well, & a huge majority of economists agreed: https://t.co/zYkrhxneBw

[Oshan Jarow @OshanJarow]

In 2021, the expanded child tax credit pushed child poverty to the lowest rate on record.

Then it expired, & child poverty more than doubled at record pace, like removing a weight from a loaded spring.

What if we simply didn't do that?
https://t.co/psPOAXigL4

[Zach Parolin @ZParolin]

Census announces SPM child poverty rate of 12.4% in 2022. Context: from 1967 to 2021, the largest year-over-year increase in SPM child poverty rate was 10.7% (or 2.1 pp, 1980-1981). We now easily have a record increase in child poverty: a 139% increase (or 7.2 pp) from 2021-2022.

[Library of Economic Possibility @LEPossibility]

@jonathanhung A number of interesting ideas seem to straddle that line - clearly important & impactful, but not yet packaged in a legible policy prescription (which can also serve as a barrier to research).

Definitely an arena we’re looking into (thanks for the point to @DarkMatter_Labs)

[Library of Economic Possibility @LEPossibility]

Our first three policy reports cast a wide net — ideas that have the potential for deep impact, a wide base of existing research, and less representation than they deserve.

What policies would you want to see included next?

[Library of Economic Possibility @LEPossibility]

@jonathanhung Sounds like fertile soil. Ideally, we’re seeking policies that are concrete and discrete enough to have been implemented (even if in limited settings) and empirically studied. Participatory budgeting would probably fit the bill!

[Library of Economic Possibility @LEPossibility]

@jonathanhung Love this idea! Thanks for sharing.

[JH 🇵🇸 @jonathanhung]

https://t.co/15SiN1QWIG
site is so cool, content so relevant.

Tickles the economist, science fiction writer, info architect and knowledge management nerd in me.

@LEPossibility

[Library of Economic Possibility @LEPossibility]

Split-rate tax increases development activity as measured by building permits.

https://t.co/H3JAyYZUmb

[Library of Economic Possibility @LEPossibility]

The proportion of West German workers in firms with 500+ employees has mildly declined from 94% in the mid-nineties to 85% in 2018.

https://t.co/zQEZiVafWi

[Library of Economic Possibility @LEPossibility]

Most economists do not share the hypothetical concern that a UBI would cause high inflation.

Source: the @StanfordBIL UBI research visualization.

https://t.co/unRo6EhCXJ

[Library of Economic Possibility @LEPossibility]

Trapezoidal income support structures (like the Earned Income Tax Credit) may fail as an economy-wide stabilizer during periods of economic recession.

Authors: researchers from the @jainfamilyinst

https://t.co/082DXfXyl5