Free Markets

With 25% more to fall, and many houses under water by thousands of dollars, or hundreds of thousands, what's the incentive to pay? If a borrower wants to work out a compromise in good faith, how can they know if they are negotiating with the right party? The mortgage mess is a house of mirrors.

I use the term "liberal" without irony or contempt, for the liberal tradition in the true sense was devoted to freeing people from the shackles of the state.

The Fed will continue to buy Treasuries to fund our deficit with money that is created out of nothing.

Dishwashers, ice makers, and drain uncloggers are all under attack. Puritans and paranoids are working with bureaucrats to unravel all the gains that markets have made for civilization. They are driving us back to the compost pile.

Home prices peaked five years ago, but a mountain of foreclosures still looms.

From the Libertarian Review, May 1979, Rothbard provides a well-rounded discussion of the strengths and weaknesses of a balanced-budget amendment.

If it is true that prices are signals which enable us to adapt our activities to unknown events and demands, it is evidently nonsense to believe th