George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label credit crunch. Show all posts
Showing posts with label credit crunch. Show all posts
Friday, August 10, 2007

The Housing Bubble and the Credit Crunch

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The turmoil in the credit markets now emanating from the collapse of the housing bubble can be understood in the light of the theory of the ...
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