After meandering throughTom Woods’ blog I saw this 60 Minutes video he posted about the Chinese ghost cities. This isn’t like the North Korean city of Kijŏng-dong, which was built by Kim Il-Sung with no intention of every… Continue reading →
In yet another attempt at jump starting the economy, the Federal Reserve’s latest major stimulus action, known as QE3, is likely to have less effect on the housing market than Fed Chairman Ben Bernake would hope.
I must be the most ill-informed political blogger there is out there right now, at least when it comes to current events. Oh how things change… where I once had my finger on the pulse of the political zeitgeist, here… Continue reading →
Russ Roberts, who hosts the brilliant EconTalk, talks with John Taylor about the extremely slow recovery to our current recession and how that doesn’t match up with previous recessions. Previous recessions and recoveries have been either deep and brisk… Continue reading →