The coming ‘double dip’ in real estate
Zillow reports a double dip in real estate prices in 12 American cities, while The Federal Housing Finance Agency (formerly OFHEO) has released new data showing that housing prices nationwide are going nowhere.
Zillow reports a double dip in real estate prices in 12 American cities, while The Federal Housing Finance Agency (formerly OFHEO) has released new data showing that housing prices nationwide are going nowhere.
At one Colorado gold mine:
Cash costs amounted to $482 per ounce in the first quarter, compared to a company-wide average of $619.
In the Introduction to his new book, The Capitalist and the Entrepreneur (published as a Mises Daily), Peter Klein tells us of his path to Austrian Economics, as well as his pleasant encounters with Murray Rothbard and Israel Kirzner. He also tells us of the basic thrust of his book:
[Excerpted from chapter 3 of Studies in Economic Nationalism.]
Patrick Barron, Professor of Austrian Economics at the University of Iowa pointed my attention to the following article:
The Chemist’s War: The little-told story of how the U.S. government poisoned alcohol during Prohibition with deadly consequences.
http://www.slate.com/id/2245188/pagenum/all/
Here’s a quote from the article:
On May 3, 2010, I gave a talk to a class of students studying public health policy at the University of Washington. I began the talk by asking the students how many of them believed that the current healthcare system in America was flawed; everyone in the class raised their hand. I then asked how many of them believed that the recently passed healthcare legislation, supported by President Obama, was a step in the right direction in reforming America’s healthcare system. Once again, everyone raised their hand.
[This article is excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith. An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]