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Category Archives: Economics
Using Keynes As A Crutch (get it?)
In a long piece in The New York Times Magazine called "How Did Economists Get It So Wrong?", Nobel Prize-winning economist and Times op-ed columnist Paul Krugman tries to "explain" the current crash without analyzing the macroeconomic impact of land … Continue reading
Posted in Economics, Henry George, New York Times, Paul Krugman
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Do Banks Discriminate Against White People?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading
Posted in Economics
Tagged boom and bust, conventional home loans, economist thomas sowell, mortgage loan approval, Thomas Sowell, tom sowell
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Buying BJ Services For $5.5 Billion
I think the price is a little steep. From Yahoo Finance: NEW YORK (Reuters) – Oilfield services company Baker Hughes Inc said on Monday that it would buy peer BJ Services Co for $5.5 billion in a move to take … Continue reading
Posted in Economics
Tagged baker hughes inc, bj services co, halliburton co, oilfield services company, schlumberger ltd, yahoo finance
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Why The Housing Boom Went Bust
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that "the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading
Posted in Economics, Thomas Sowell
Tagged boom and bust, checks in the mail, community reinvestment act, community reinvestment act of 1977, economist thomas sowell, Thomas Sowell
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Inside The Mortgage Meltdown
Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading
Posted in Economics
Tagged amazon, free markets, home mortgages, mortgage meltdown, New York Times, tom sowell
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