Housing is not special. That is, real estate and houses are not outside the laws of economics (i.e., scarcity, etc.). That said, each economic good necessarily offers something unique (otherwise it would be indistinguishable from other goods) and therefore comes with its own benefits and challenges. For example, the laws of economics apply to land and bananas, however, while land and bananas may both be valued in the estimation of human actors, they not only offer different utilities, there are differences in the markets for land and bananas because of the nature of the goods.

[Libertarian Literary and Media Criticism: Essays in Memory of Paul A. Cantor, Jo Ann Cavallo, ed., Palgrave Macmillan, 2025; xiii + 330 pp.]

From the Quarterly Journal of Austrian Economics.

Abstract:

From the Journal of Libertarian Studies. 

Abstract

One of the things about America’s welfare-state way of life that has long fascinated me is how welfare-state advocates are convinced that this way of life reflects the goodness of the American people. By the same token, anyone who opposes this way of life is considered to be heartless, uncaring, selfish, and self-centered.

He should have defunded it. Instead, he kept the corporate welfare flowing and renamed it after himself. 

The Hungarian PM told CNBC he believes there is no way forward for proposals to fund the rebuilding of Ukraine via frozen Russian assets.