Category Archives: Economics

The Economics Of Ecstasy

Posted on February 9, 2008 by Luke Ford

William Watson writes: If you think at all about the economics of love this Valentine’s week, you’ll probably think about the market for chocolate or roses or greeting cards — the industrial implications of romantic love and the material demands … Continue reading →

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Economists Dissect Repugnance

Posted on January 31, 2008 by Luke Ford

I align myself with the economists on this story from the NYT: WASHINGTON — You can kill a horse to make pet food in California, but not to feed a person. You can hoist a woman over your shoulder while … Continue reading →

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Lender Lobbying Blitz Abetted Mortgage Crisis

Posted on January 13, 2008 by Luke Ford

Glenn R. Simpson writes: During the housing boom, the subprime industry succeeded at more than just writing mortgages. It also shot down efforts by some states to curtail risky lending to borrowers with spotty credit. Ameriquest Mortgage Co., until recently … Continue reading →

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Cruel Jokes, and No One Is Laughing

Posted on January 13, 2008 by Luke Ford

Gretchen Morgenson writes: WHAT do banks call it when a troubled borrower abandons her home, sending them the keys? “Jingle mail.” And what do they call it when an irate borrower abandons his home, yanking electrical outlets from walls, leaving … Continue reading →

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Moral hazards in Bush bailout

Posted on January 4, 2008 by Luke Ford

Why should I, a struggling blogger, bail out rich people with mortgages? I know the government isn’t kicking in money, but it is interfering with the free market and the inefficient allocation that results from that hurts all of us. … Continue reading →

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