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Erik Hare

Erik Hare is an Economics and Business columnist for MintPress. Hare is author of "The Long View", which focuses on decades long trends that influence our economic lives. Hare is also a freelance writer and world renown blogger at Barataria. His work has appeared in Salon, the Star-Tribune, St Paul Pioneer Press, many other publications. Hare also holds a degree in Chemical Engineering from Carnegie-Mellon, and holds 9 US patents.

Stadium Frenzy Ignores Economics

As the economy bounces back from recession, so is stadium construction in the U.S. The structures cost more than a pretty penny, but few seem concerned about economics.

May 08th, 2014

By Erik Hare @wabbitoid

The roar of the crowd is electrifying and the bubbling solidarity of the fans cheering on their team swells an intoxicating civic pride. The emotional arguments for professional sports are strong, of course, but is there a solid economic case for building sports facilities? The short answer to that question is: rarely. In fact, most cities have

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San Francisco 49ers quarterback Colin Kaepernick listens to a question at a news conference after an NFL football game against the Chicago Bears on Sunday, Dec. 4, 2016, in Chicago. The Bears won 26-6. (AP/Charles Rex Arbogast)

The Passion Of Colin Kaepernick

High School Football Players Across Country Take Knee for National Anthem

Colin Kaepernick Protests National Anthem Again, Is Joined By Teammate

The Case for Optimism

The economy is improving, but very slowly. There are reasons for optimism in 2014 as things are picking up, but this is nothing like a typical postwar “recovery”.

May 06th, 2014

By Erik Hare @wabbitoid

The Case for Optimism

News about the the economy has been mostly positive lately. The official Bureau of Labor Statistics jobs report showed an impressive gain of 288,000 in April, an annual rate of 3.4 million if it were to continue. The headline unemployment rate fell to 6.3%, and the more comprehensive U6

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Pelosi Stimulus Feature photo

A “Slap in the Face:” Anger at Pelosi, Democrats Over Paltry $600 Stimulus Check

Unemployment Feature photo

Lee Camp: Unemployment Skyrocketing? An Evolved Society Would Celebrate

COVID-19 Child Care Feature photo

The US Is Facing a Child Care Crisis as Schools Go Digital

The Underground Economy

Despite new ways of paying for things, cash isn’t going away. It has an important place in today’s economy, particularly the most dynamic part of it – unreported income that makes up an underground economy.

May 02nd, 2014

By Erik Hare @wabbitoid

The Underground Economy

No matter how hard times get, people have to make a living. As regular nine-to-five jobs become more difficult to find people turn to making money where they can – and a lot of it is in cash. “We have seen the rise of a new generation of people who

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A man makes a transaction at an automated teller machine (ATM) of a Piraeus Bank branch in Athens, Greece. (AP/Yorgos Karahalis)

How Greece Became A Guinea Pig For A Cashless And Controlled Society

The Death Of Inflation

There are at least two good reasons why inflation remains well below targets even as the economy is improving and despite years of economic stimulus.

April 29th, 2014

By Erik Hare @wabbitoid

The Death Of Inflation

Since 2008, the Federal Reserve has more or less printed over $3.2 trillion in three rounds of quantitative easing. That’s now tapering off to zero, but many have speculated that all this printing must result in inflation simply because it puts more U.S. dollars out there

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Pelosi Stimulus Feature photo

A “Slap in the Face:” Anger at Pelosi, Democrats Over Paltry $600 Stimulus Check

inequality study feature photo

Fed Study on Household Wealth Reveals Troubling Trends in American Inequality

A “Brazen Giveaway” GOP HEALS Act is a $30 Billion Bonanza for the Pentagon

Getting Real With Long-Term Investments

Despite an historic bubble and bust cycle, many Americans still believe real estate is the best long-term investment option — but is it?

April 25th, 2014

By Erik Hare @wabbitoid

Getting Real With Long-Term Investments

The classic American dream of homeownership as the core of financial security isn't dead, despite a roller coaster ride through bubble and bust over the last few years. This is reflected in a Gallup poll conducted as part of an

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Investors Urged To Get In On ‘Gold Rush’ Of US Fracking

How To Launder Drug Money: Start An LLC And Buy Real Estate

Detroit, China, And The Weird, Wonderful World Of Globalization

What Is The Real Unemployment Rate?

There’s only one problem with the headline unemployment rate of 6.7 percent: hardly anyone believes it.

April 22nd, 2014

By Erik Hare @wabbitoid

What Is The Real Unemployment Rate?

What is the real rate? The number most commonly reported is 6.7 percent, down considerably from 2010, but everyone seems to have their own opinion. “The 6.7 percent is probably 21 or 22 percent in real numbers,”Donald Trump

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Unemployment Feature photo

Lee Camp: Unemployment Skyrocketing? An Evolved Society Would Celebrate

Eviction Moratorium Feature photo

Just Like With Healthcare, Democrats Offer Half-Hearted Measures to Impending Eviction Crisis

Coronavirus unemployment Feature photo

As US Economy Tanks, Study Finds Unemployment Numbers Likely Double Official Figure

Today’s Job Market Exploits Marginal Workers

Is the notable rise in temporary workers a sign of an improving economy or the continuation of a trend toward less security and safety on the job?

April 18th, 2014

By Erik Hare @wabbitoid

A good jobs report for March had the business world buzzing. Thegain of 192,000 jobs was seen as a sign of strength amid indicators that the economy is picking up steam. But

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President Donald Trump, right, talks to Scott Sauritch, a maintenance worker at Irvin Works and President of Local 2227, during an event in the Roosevelt Room of the White House in Washington, Thursday, March 8, 2018. Trump signed two proclamations, one on steel imports and the other on aluminum imports. Susan Walsh | AP

Trump’s “Beautiful” Employment Numbers Mask an Ugly Reality for US Workers

Workers from California Green Design install solar electrical panels on the roof of a home in Glendale, Calif. California. (AP/Reed Saxon, File)

Trump’s Solar Tariffs Blamed for Billions in Shelved Clean Energy Projects

Ford CEO Mark Fields speaks during the opening ceremony of the China Development Forum at the Diaoyutai State Guesthouse in Beijing, (AP/Mark Schiefelbein)

Ford’s “Vote of Confidence” In Trump Reversed – Company Will Send Jobs To China

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