Unless the Fed is going to start buying millions of homes outright, prices are going to fall to what buyers can afford.
There are two generalities that can be applied to all asset bubbles:
1. Bubbles inflate for longer and...
Ben Freeman explains the ways that lobbies, particularly foreign ones, can influence politicians in Washington by disguising where their money is coming from. Despite safeguards against this type of influence, the money is rampant on...
President Obama’s Car Allowance Rebate System (CARS), more popularly known as “Cash for Clunkers,” is now a decade old.
For those with short memories or those utilizing the healthy defense
mechanism of repression, CARS, enacted by Congress in the summer...
The Trump Administration has requested a huge increase in the US spy
budget, including a whopping $23 billion for the "black" budget. The
reasons given are the increasing threats from Russia and China. Does all
this spy spending really...
The latest fashion that’s captured the political left is Modern Monetary Theory (MMT). Once a quiet idea resting in the annals of academia, it is now taken up by the likes of Rep. Alexandria Ocasio-Cortez and Bernie Sanders’s adviser,...
The politics of fear: How it manipulates us to tribalism
Arash Javanbakht, Wayne State University
The cruel murder of 50 people in New Zealand was another tragic reminder of how humans are capable of heartlessly killing their own kind just based...
