Housing Bubble?

Posted by Joseph Y. Calhoun, III

This sounds like it could be from a few years ago in Miami:
At first glance, it looks like a mini tent city. But the shivering occupants aren’t refugees from an earthquake or some other calamity, nor are they lovers of the outdoors jumping the gun on camping season. Instead, they’re braving the weather and the [...]

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Russ Roberts on Healthcare Reform

Posted by Joseph Y. Calhoun, III

Russ Roberts at Cafe Hayek on healthcare reform:

The existing legislative promises of Medicare and Social Security are a train wreck that cannot be avoided without radical change. Expanding coverage just brings the train wreck closer. It’s a nice idea but it is unaffordable. We have taken a step closer to Greece. We have taken a [...]

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Weekly Economic and Market Review

Posted by Joseph Y. Calhoun, III

The economic data last week continued the slowly improving trend that has been evident for months now - or at least evident outside of housing. Stocks continued their recent slow motion rally, the dollar strengthened (or more accurately the euro weakened) and commodities were generally well behaved. Unfortunately the bond market wasn’t very cooperative with [...]

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Liberal Cat Fight

Posted by Joseph Y. Calhoun, III

Michael Kinsley and Paul Krugman argue about inflation. Suprisingly (or not) Kinsley seems to get the better of the argument even though he’s not an economist. And apparently even liberals find Krugman’s condescending shtick annoying:
Krugman should stop bullying people with accusations of economic ignorance. I would never pretend to know a tenth of economics Paul [...]

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