All Posts Tagged With: "mark-to-market accounting"

Boom and Bust: Crisis and Response

America has experienced a classic economic boom and bust, which I first chronicled in the November 2007 Freeman. Ill-conceived policies to encourage homeownership channeled cheap credit into housing markets. Land-use and zoning policies restricted the supply of housing in key desirable markets. In The Housing Boom and Bust, Thomas Sowell of the Hoover Institution has [...]

24Feb2010 | Gerald P. O'Driscoll, Jr. | 2 comments | Continued
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