Tuesday, November 21st, 2017 MST

Category: Housing Crisis

Don’t fear the robots, fear the Fed.

It’s really quite amazing to see the economic fallacies that are trotted out in support of the central banking/fiat money meme. This recent one attempts to blame rising wealth inequality and economic stagnation on the proliferation of robots in manufacturing and automation in general: The alarm over machines posing a real risk to jobs has

Treasury Secretary Geithner cannot sell his house

Treasury Secretary Timothy Geithner can’t sell his house. Maybe it because he is asking more than the $1.6 million that he paid in 2004 at the top of the housing boom. Housing prices are down, on average, 30% from the 2004 top. Any doubt but that some wealthy person seeking to curry a favor with

The government’s role in the housing crisis

The Austrian School is probably best known for its condemnation of government intervention in the marketplace.  Interest rates, for example, should be determined by the supply of money available to be lent and the number of qualified persons seeking to borrow.  But, no, what do we have: Government rules and regulations that require lenders to have loan