Housing industry urges Powell and Fed to stop raising interest rates
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In a letter Monday addressed to […]
Do I Own What Is Mine?
Before I even came across the term “weasel word” in Friedrich Hayek’s The Fatal Conceit (though he credited it to unnamed Americans), I was interested in words that can be used to mislead and misdirect people’s understanding with regard to public policy. For example, Hayek cited 160 words whose meanings can be altered by simply […]
Biden’s $6 Billion Gift to Iran
https://www.armstrongeconomics.com/wp-content/uploads/2023/10/Download-1.mp4 The Republicans condemned Biden for providing Iran with a $6 billion ransom in exchange for hostages. “This decision will be extremely deadly. Biden is giving $6 billion to the world’s leading sponsor of state terrorism,” Trump said, promising that the funds would be used for immediate violence and to enhance Iran’s nuclear weapons program. […]
Claudia Goldin wins the Nobel prize in economics
On the morning of October 9th the National Bureau of Economic Research circulated a working paper to economists around the world entitled “Why Women Won”. In the paper, Claudia Goldin of Harvard University documents how women achieved equal rights in American workplaces and families. Rather fittingly, a few hours later, Ms Goldin was announced as […]
