So, I have a question. This might sound like I'm trying to be snarky, but I'm actually genuinely in search of an answer: Is there any economist out there other than Wendell Cox and Joel Kotkin who actually believes this? This all should give some pause to the relentless hoopla about the country’s … [Read more...]
Reinflating the housing bubble through the FHA?
I'd like to believe that, at least for another ten years or so, no amount of government money will be able to override investors' memories of the most recent housing bubble. But we may soon find out what lessons we really learned: While everyone has been watching Fannie and Freddie, the … [Read more...]
Friday links
1. Miller-McCune (what a bad name for a magazine) has an article about a possible VMT tax, and points out that more fuel-efficient vehicles will lead to less gas tax revenue. 2. Streetsblog has an extremely unflattering profile of Republican nominee for NY Governor Carl Paladino. He made a name … [Read more...]
Russell Roberts on Government Intervention in Housing
Russell Roberts of George Mason University, CafeHayek, and Econtalk wrote of series of Cafe Hayek posts on the various federal interventions in the housing market: Housing markets without the benefit of hindsight Fannie reaches its goals--sort of Zero Down! Fannie and Freddie's other … [Read more...]