Perspectives of Policy

     Currently the Philadelphia Seventy Sixers are aiming to plop a new stadium right in the heart of central city. This is a stark contrast to the previous situation of Philadelphia sports stadiums all being far from the bustling streets of the city, so understandably they have seen some serious opposition.       A specific community that will be greatly affected by this stadium placement is Philadelphia’s Chinatown. Along with many other neighborhoods in close proximity, they are concerned that the stadium would cause rents for homes and businesses to rise, which would drive locals out of the area. These concerns are quite justified, as although the new stadium would bring spending and consumers to the area, costs would be driven up disproportionally.       Facing an economic decline that followed the Covid-19 pandemic, many other Philadelphians are supportive of the plan, as it will be sure to usher in economic growth that will b...

       In recent history there was a tremendous surge in investment towards the fintech industry. Not all of this investment was justified and it contributed to an overallocation of resources and inevitable inflation. The reason that fintech startups could generate so much hype was due to their constant innovation and the importance of finance in general. Especially during the pandemic, fintech became very popular as there was an increase in online shopping and payments. Even though there is a lot of potential for these fintech startups, they often receive too much investment due to their potential. This unjustified demand for fintech firms coincided with an increase in global inflation. In the long run, to balance out, unemployment will rise due to the inverse relationship between inflation and unemployment. We can directly see this happening through things like layoffs and decreased production of fintech firms. Another viewpoint on this issue is the idea that the f...