WSJ The U.S. housing market continued to deteriorate in the third quarter as even the most credit-worthy borrowers increasingly fell behind on their mortgages, highlighting the problems policy makers have faced in trying to address the problem. A new report from the Office of Thrift Supervision and Office of the Comptroller of the Currency found that the per […]
My wife and I saw Avatar this weekend in 3D. Here's the verdict: four out of four stars. Absolutely amazing special effects--best I've ever seen; fun story; all in all a very fun, nice movie. And at its core it was very libertarian: it was about a group of people (the Na'vi) defending their property rights on the world Pandora from aggressors […]
It's one thing to criticize Paul Krugman for his views on Austrian economics, but only a brave soul would have the temerity to question Krugman's discussion of the Keynesian approach to international trade, right? FULL ARTICLE by Robert Murphy
Posner's thesis -- that the depression represents a market failure brought on by deregulation -- pivots on the myth that regulators actually regulate rather than serve the interests of leviathan beneficiaries. FULL ARTICLE by Allen Mendenhall
One common guiding assumption characterized the Keynesians, socialists, and fascists of the 1930s: that laissez-faire, free-market capitalism had been the touchstone of the US economy during the 1920s. FULL ARTICLE by Murray N. Rothbard