Knocking it Out of the Park
Posted in Economic Illiteracy on Jun 3rd, 2008
Don Boudreaux sent a fantastic short letter to the USA Today: Re your editorial “One bright sign emerges in a gloomy housing market” (May 29) and the general dismay about falling real-estate prices and rising gasoline prices: What principle of economics suggests that markets are working well when the price of one asset (say, housing) […]
