Category Archives: Relative Prices
and the price system. Compare also Arnold Kling on the looting classes.
On the housing market: Government programs to prop up home prices have been half-hearted and ineffective overall, and mercifully so. A successful program to prop up home prices would have aborted the recovery process. It would have created an overhang … Continue reading
The chairman of the George Mason Econ department has gone back to re-read the classic works of Hayek and Keynes from the 30s and 40s, and reflection on the writings of the two top economists of the last 100 years … Continue reading