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.
In the U.S., an almost unsurmountable gulf separates “society” from the intellectuals, writes Ludwig von Mises (1881–1973).
It is a great pleasure for me to present this book by my colleague Philipp Bagus, writes Jesús Huerta de Soto.
Cheap money, buyer tax incentives, lack of new supply, nothing seems to keep home prices elevated.
The world had never seen government paper money until the colonial government of Massachusetts, 1690, writes Murray N. Rothbard (1926–1995).
From Part II of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Origins of the Federal R
From Part III of A History of Money and Banking in the United States: The Colonial Era to World War II: “From Hoover to Roosevelt: T
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
From Part V of A History of Money and Banking in the United States: The Colonial Era to World War II: “The New Deal and the Internat
