Category Archives: housing bust
Read about it here. HT Instapundit.
On the housing bubble and Bernanke’s Global Saving Glut Hypothesis.
From John Taylor’s Getting Off Track via The Everyday Economist.
Peter Wallison speaks truth to dishonest economists and journalists everywhere. You know who you are. We will never have an economics profession — or a press corp — with a capacity for truthful public debate unless those who pollute the … Continue reading
Housing production* is exactly the kind of thing Hayek identified as a time delayed production good which can absorb credit, capital, and leverage in a bandwagon of false expectations, only revealed as structural malinvestments at the end of the artificial … Continue reading
Edward Leamer and Russ Roberts have explained how the boom/bust cycle has been shaped by government policy, and directed into such sectors as housing and finance. In Hayek’s economics housing is a long-term production good, an open target for malinvestment … Continue reading