Category Archives: housing bust
The Big Lie at the Heart of “Inside Job”
Read about it here. HT Instapundit.
Posted in housing bust
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QUESTIONS FOR BEN BERNANKE FROM DAVID BECKWORTH
On the housing bubble and Bernanke’s Global Saving Glut Hypothesis.
Posted in Bernanke, Federal Reserve, housing bust
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GRAPH OF THE DAY
From John Taylor’s Getting Off Track via The Everyday Economist.
Posted in Boom & Bust, housing bust
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YES, THEY HAVE LIED TO YOU ABOUT HUD, FREDDIE & FANNIE, THE CRA, ETC.
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
Posted in housing bust
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Vernon Smith on housing & the trade cycle
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
Posted in Boom & Bust, Capital Theory, housing bust
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“[During the artificial boom] credit expansion has gone to where government directed it”
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
