All Posts Tagged With: "affordable housing"
Blowing Bubbles: Getting Ready for the Next Bust
Imagine you are a private in the army. Your sergeant orders you to dig a hole. When you finish, the sergeant is horrified to find that you have dug a hole. He dresses you down and then orders you to dig another hole. Insane? Welcome to today’s world of American banking. Over the course of [...]
4Jan2012 | Richard W. Fulmer | 16 comments | ContinuedGetting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis and The Housing Boom and Bust
These two books are must-reads for anyone wanting to have a working understanding of the economic and financial crisis. They complement each other and together form a civics lesson for an informed electorate. Economists are prone to write turgid prose and employ a jargon-filled style. Not these two gems. Each author is a deservedly well-regarded [...]
22Sep2010 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedBootleggers, Baptists, and Bailed-Out Bankers
For more than a year now, people worldwide have experienced an extraordinary chain of economic events. Led by crushing increases in U.S. mortgage-related bankruptcies, the world financial collapse that followed has been termed the subprime crisis, the financial meltdown, the Wall Street bailout, the beginning of another Great Depression, and even the end of capitalism [...]
2Mar2009 | Bruce Yandle | 6 comments | ContinuedEconomic Facts and Fallacies
You don’t have to read far to find the focus of Thomas Sowell’s latest book, Economic Facts and Fallacies. It begins by quoting John Adams—“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence”—then immediately argues for the [...]
22Jan2009 | Gary M. Galles | 5 comments | ContinuedRe-Thinking Green: Alternatives to Environmental Bureaucracy
Edited by Robert Higgs and Carl P. Close Reviewed by Michael Sanera
1Mar2007 | FEE Admin | 0 comments | ContinuedThe Neglected Factor in the Housing “Bubble”
Is there a housing “bubble”? Debate has swirled recently around this question. But one factor behind increased prices in the housing market seems to be frequently left out of the debate or only mentioned in passing—government. Then-Federal Reserve Chairman Alan Greenspan proclaimed last May 20 that the nation’s housing market was “frothy.” He also said [...]
1Mar2006 | Raymond J. Keating | 2 comments | ContinuedThe Smart-Growth Scam
H. Nathan Hart recently graduated from Birmingham-Southern College in Birmingham, Alabama. Paul Cleveland is an associate professor of economics at Birmingham-Southern College. Transportation is essential to the daily life of nearly every American. Millions of people flock onto the freeways and streets to accomplish innumerable tasks each day. Americans love their cars. No other mode [...]
1Jul2001 | and H. Nathan Hart | 2 comments | ContinuedWhy Laws Backfire
Ms. Manley is president of Commercial Tenant Real Estate Representation Ltd., Manhattan. Her articles have appeared in Harvard Business Review, Inc., and the Wall Street Journal. For thousands of years, laws everywhere have backfired. In ancient Babylon, Sumeria, Egypt, China, Greece, and Rome, for instance, price controls promoted not fairness but famine. During the twentieth [...]
1Aug1996 | Marisa Manley | 1 comment | Continued-
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