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N.Y. / Region

Helping to Build a School for the Poor, by Selling One in a Wealthier Area

By SHARON OTTERMAN | Feb 3rd 2014

The Children’s Aid Society is selling a school on the Upper East Side, marketing it as a potential single family townhouse, with plans to use that money to build a modern school in the Bronx.

Charter Schools; Education (Pre-School); Real Estate and Housing (Residential); Education (K-12); Private and Sectarian Schools; Real Estate (Commercial) 

Dealing with children by doing what needs to be done.

Save the children is following the need by trading spaces.

They have a charter and try to keep to it.

Rent seeking tries to kill civilization.

http://en.wikipedia.org/wiki/Insulae

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http://krugman.blogs.nytimes.com/2014/02/01/macroeconomic-populism-returns/

"February 1, 2014, 12:55 pm

Macroeconomic Populism Returns

Matthew Yglesias says what needs to be said about Argentina: there’s no contradiction at all between saying that Argentina was right to follow heterodox policies in 2002, but it is wrong to be rejecting advice to curb deficits and control inflation now. I know some people find this hard to grasp, but the effects of economic policies, and the appropriate policies to follow, depend on circumstances.

I would add that we know what those circumstances are! Running deficits and printing lots of money are inflationary and bad in economies that are constrained by limited supply; they are good things when the problem is persistently inadequate demand. Similarly, unemployment benefits probably lead to lower employment in a supply-constrained economy; they increase employment in a demand-constrained economy; and so on.

So sometimes the relationship and money looks like this, from the best economics principles textbook:

Money growth and inflation in Zimbabwe.

But sometimes it looks like this:

And just to repeat a point I’ve made many times, those of us who understood IS-LM predicted in advance that the actions of the Bernanke Fed wouldn’t be inflationary, while the other side of the debate was screaming “debasement”.

There’s something else to be said about Argentina and, it seems, Turkey — namely, that we’re seeing a mini-revival of what Rudi Dornbusch and Sebastian Edwards long ago called macroeconomic populism. This involves, you might say, making the symmetrical error to that of people who think that running deficits and printing money always turns you into Zimbabwe; it’s the belief that the orthodox rules never apply. And it’s an equally severe mistake.

It’s not a common mistake these days; a few years ago one would have said that only Venezuela was making the old mistakes, and even now it’s just a handful of countries. But it is a mistake, and we need to say so."