Category Archives: housing bust

The Big Lie at the Heart of “Inside Job”

Posted on March 2, 2011 by Greg Ransom

Read about it here.  HT Instapundit.

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QUESTIONS FOR BEN BERNANKE FROM DAVID BECKWORTH

Posted on February 23, 2011 by Greg Ransom

On the housing bubble and Bernanke’s Global Saving Glut Hypothesis.

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GRAPH OF THE DAY

Posted on February 15, 2011 by Greg Ransom

From John Taylor’s Getting Off Track via The Everyday Economist.

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YES, THEY HAVE LIED TO YOU ABOUT HUD, FREDDIE & FANNIE, THE CRA, ETC.

Posted on February 8, 2011 by Greg Ransom

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 →

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Vernon Smith on housing & the trade cycle

Posted on July 19, 2010 by Greg Ransom

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 →

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“[During the artificial boom] credit expansion has gone to where government directed it”

Posted on July 6, 2010 by Greg Ransom

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 →

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