All Posts Tagged With: "housing prices"
Economic 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 | ContinuedUnpleasant Economists
Economists are not the most pleasant people to have around when others are delightfully praising the benefits of this or that public policy. We acknowledge the existence of scarcity, the fact that to enjoy more of one thing requires having less of another, which in turn forces us into bringing up the unpleasant topic of [...]
1Sep2008 | Walter E. Williams | 0 comments | ContinuedOnly the Rich Are Getting Richer? It Just Ain’t So!
“In an era when the rich are the only income group getting richer,” begins an article in the April 13 Washington Post. (Blaine Harden, “As the Rich Ride In, Many Are Priced Out of Homes on the Range.”) But in this one 13-word statement, versions of which have become so common in conversations and newspaper [...]
1Aug2006 | David R. Henderson | 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 | Continued-
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