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3 Topics Over Dinner is a dinner discussion group that meets on weekends. Before each event, links to articles and/or videos on three topics—usually unrelated to one another—are posted on the event listing. Attendees are expected to read the articles (and any additional sources they wish) or watch the videos before the discussion. The concept is similar to a book club, but with much less reading. The required preparation should take no more than about two hours. Each month we meet at a restaurant featuring a different national cuisine. We choose restaurants that can provide separate checks for a large group, so everyone can pay with their own credit card without having to split the bill. We also look for restaurants that are quiet, pleasant, and reasonably priced. Every event listing includes a link to the restaurant's menu, with prices. All restaurants are located in Manhattan, on 77th Street or farther south. Attendance is limited to about eight people so that everyone can hear one another and participate in a single conversation. The group has met roughly once a month since 2008. It began on Meetup, later moved to Eventbrite, and is now hosted on Luma. A $5.00 deposit is required to RSVP. The deposit is refunded in cash ten minutes after the event begins. No-shows and late arrivals forfeit their deposit. "When people actually meet and get to know each other ... what Lincoln called those ‘better angels’ come out. People start recognizing themselves in each other, and they start trusting each other. That's not just the basis for democracy—that's the basis for our long-term salvation." — Barack Obama |
Sunday, July 19th Topic:
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The Dating Market is
Broken
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The Universities are Broken![]() College has become far too expensive. Tuition and textbook prices have risen far faster than inflation. Many young people graduate with staggering amounts of debt that can take decades to repay, and student loans generally cannot be discharged through bankruptcy. The government's response has largely been to guarantee student loans through programs associated with Sallie Mae and other lenders. Critics argue that this approach pours more money into the system without addressing the underlying causes of rising costs, leading to the predictable result of even higher tuition. Until the 1970s, many children were "free-range kids," allowed to roam their neighborhoods unsupervised as long as they were home before dark. In the 1980s, photographs of missing children began appearing on milk cartons. Most of those children had been taken by biological parents who had lost custody after divorce. Those parents generally loved and cared for their children, but many people assumed that all of the children on the cartons had been abducted by strangers, sexually assaulted, and murdered. Parents across the country became terrified, believing child predators were lurking on every block. Child-rearing practices changed dramatically, with children being raised under constant adult supervision, and that approach has largely persisted ever since. As a result, many 18-year-olds arrive at college with little experience resolving conflicts without adult intervention. Universities respond by hiring armies of administrators—people who are not teaching—to supervise student life. That is expensive. Another problem is that the U.S. News & World Report college rankings do not directly measure how much students have learned. Some seniors take standardized tests such as the GRE, but only those planning to attend graduate school, so they are not a representative sample. As a result, colleges are evaluated largely on the basis of their research rather than the quality of their teaching, making it difficult for affordable teaching-focused colleges to receive the recognition they deserve. Today there are many ways to learn independently, especially through the Internet. However, it remains difficult for people to demonstrate that learning in a way employers can easily evaluate. Employers can assess job-specific skills during interviews, but it is much harder to evaluate a candidate's general knowledge. One possible solution would be standardized examinations similar to the GRE, with scores made available to employers. However, because such tests would almost certainly produce different average scores across demographic groups—as the SAT and GRE do—their use could expose employers to discrimination lawsuits. The burden would be on the employer to demonstrate that test scores were relevant to job performance, a burden that is often difficult to satisfy. As a result, universities are effectively permitted to use standardized tests such as the SAT and GRE when evaluating applicants, while employers face much greater legal risk in doing so. This leaves universities with a near-monopoly on widely recognized academic credentials, while the cost of obtaining those credentials continues to rise. There was a strong movement to persuade universities to stop requiring standardized tests for admission and to rely instead on grades, essays, and other criteria. Many schools adopted test-optional or test-blind admissions policies. Some universities later found that students with excellent high-school grades were nevertheless arriving with serious gaps in their mathematical preparation. In 2026, for example, more than a thousand University of California STEM professors urged the university to reinstate the SAT or ACT for STEM applicants, arguing that the absence of standardized testing had allowed some students with strong grades but only middle-school-level mathematics skills to be admitted to quantitatively demanding programs. Many elite universities have since restored standardized testing after concluding that grades alone do not provide enough information about academic preparation. Employers, however, still face much greater legal obstacles than universities when using standardized tests to evaluate job applicants. |
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The Housing Market is Broken![]() American society expects our housing market to accomplish several goals:
In our large, successful cities, the housing market has generally done a good job of achieving goal "C," except during occasional crashes such as the nationwide housing collapse of 2006–2008. A majority of voters belong to home-owning households, many of whom benefit from rising property values. As a result, they often support legal and regulatory barriers that limit new housing construction in their neighborhoods. In large, successful cities such as New York, home prices and rents have continued to rise while the housing supply has grown nowhere near as quickly as demand. Many people in their twenties find themselves priced out of the market and continue living with their parents for years. The legal and regulatory barriers to new construction are so formidable that developers often find they can recover the cost of obtaining permits only by building high-end luxury housing. Another contributing factor is that many existing homeowners and renters do not want lower-income residents moving into their neighborhoods, fearing increased crime or declining school quality. As a result, goals "A" and "B" are falling far short of being achieved. Rent control discourages new construction and can even lead to "zombie buildings"—properties whose owners conclude that the cost of restoring and maintaining them exceeds the rental income they can legally collect. In New York City during the 1970s, rent controls combined with high inflation contributed to many tenement buildings falling into this category. Landlords stopped paying property taxes, the city threatened to seize the buildings, and the landlords would reply, "Please do," because the properties had negative net worth. Finding a decent apartment became extremely difficult. People often remained in apartments with roommates they had come to despise rather than face the nearly impossible task of finding another place to live. Thus, while rent control helps achieve goal "A" by reducing rents for some tenants, it can undermine goal "B" by making housing much harder to find. Another consequence of rent control is that the rules often allow a landlord to charge substantially higher rent after a tenant moves out. This gives landlords a strong incentive for tenants to leave. As a result, many landlords become reluctant to make repairs unless tenants obtain court orders requiring them to do so. When I moved from a city without rent control to New York City, I was struck by how many people were taking their landlords to housing court. One tenant told me that his landlord had asked, "Name your price. How much would it take to persuade you to move out?" He refused because his rent was so far below market rates that he could not afford another apartment. Publicly owned housing for low-income residents has often had a poor track record, with many projects becoming plagued by crime and poor maintenance. It is also far from clear that government agencies can maintain residential buildings more efficiently than private landlords. Congress recently passed legislation intended to make housing more affordable. In my view, it was largely for show. The fundamental obstacles to building more housing are not federal—they are local. Zoning restrictions, permitting requirements, neighborhood opposition, and other barriers imposed by cities and counties are what keep housing scarce. Until those barriers are reduced, federal legislation is unlikely to have more than a modest effect on housing affordability. Mayor Mamdani ran partially on an "affordability" platform but, given that:
he is unlikely to succeed. 2 minute video: Government resistance to building goes back a long way. |