Tuesday's Assorted Links

Credit card debt, recession predictions, starter homes, private school subsidies, and Chuck E. Cheese

Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:

1. Credit card debt hits record $1.14 trillion according to the New York Fed [CNBC | Original Report]

2. Bank of America CEO says research team no longer has any recession predicted [The Hill]

3. Mapping the cities and towns in America where $1 million starter homes have become the norm [Yahoo!]

4. Private school tuition hikes have surged in Oklahoma since the state tax credit began [The Oklahomian]

5. Chuck E. Cheese now offers a subscription program starting at around $8 per month, which includes 40 games per visit and 20% off food and drinks [Restaurant Dive]

---

Both Trump and Harris have proposed eliminating federal income taxes on tips—a move that seems like a win for millions of service workers. But is it really that simple? Public choice theory helps explain the economic and political implications of the policy, revealing how a small, politically significant group might benefit while the broader population bears the costs.

---

Are you an educator looking for ways to introduce this week’s newsletter into your classroom? Sign up for the Classroom Edition of Monday Morning Economist to get assessments and lesson plans delivered straight to your inbox every week.