Feb. 12th, 2009

lblanchard: (Default)
Political economic question of the day:

"Watching people blame the free market for the housing crisis is like watching the jocks that trip nerds in the hallway mock the nerds for their clumsiness. The commercial real-estate markets demonstrate what a nerd can do if left unmolested.

"Leftists have to answer a question: if greedy, irresponsible, unregulated etc. capitalism caused the housing bubble, why didn’t we see a similar bubble in commercial real-estate markets which operate under even less regulation than the residential markets? Why does the politically neglected and unregulated commercial real-estate market exhibit much milder swings?"

--Shannon Love


Discuss.

Source: http://chicagoboyz.net/archives/6775.html
lblanchard: (Default)
But the rest of my older friends might want to think about this brave new world of cost-effective medical treatment to be ushered in by the stimulus bill:

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs

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