Does the Fed Need an Exit Strategy?
Since the summer of 2008, Bernanke has more than doubled the Fed’s balance sheet. In essence, the Fed wrote checks on itself — drawing on money created out of thin air — in order to buy “toxic” assets.
There you go again, Pete
My friend Peter Boettke is at it again. Pete is notorious for flippantly propagating gross distortions of the history of the modern Austrian revival.
A History of Labor Unions from Colonial Times to 2009
“Those who tell you of trade-unions bent on raising wages by moral suasion alone are like people who tell you of tigers that live on oranges.”
– Henry George, 1891
Prices, Part 3
War Eagle Condo Bust
Back in the middle of this decade, building anything seemed like a good idea. With the housing boom in full bloom, developers had the imagination, lenders had the construction money, and buyers had swarms of mortgage lenders panting to lend them the entire purchase price of anything their hearts desired. So imagine the confluence of combining Auburn Tigers football and real estate: a certain touchdown.
Robert Frank Knows What Is Best For You
[The Economic Naturalist’s Field Guide: Commonsense Principles for Troubled Times. By Robert H. Frank. Basic Books, 2009. 234 pages.]
Woods Tells the Story of the Meltdown
A Free Market in Money?
Can the monetary system regulate itself, or does it require oversight by government regulators? One tradition of thought says yes to the first question and no to the second.
Yet Another Study Finds Patents Do Not Encourage Innovation
On J. Neil Schulman’s Logorights
On GMO patent infestation, Kent Hastings comments on my IP views and those of J. Neil Schulman. Schulman responded:
