Homines libenter quod volunt credunt
Posted in Economics Problems, Employment, Institutions on Nov 14th, 2012
Ezra Klein’s blog is typically very good. But this piece is terrible, pardon my French. It basically shows that people who defaulted on their mortgages today are not quickly getting new mortgages and buying houses, and among the reasons are that they don’t have money for a down payment. The author claims this is not […]
Posted in Central Planning on Nov 14th, 2012
That observation was celebrated last month around the blogosphere, perhaps rightly so. Here is one such claim: For example, in the same month that the Prius became the best selling vehicle in California, the Chevy Volt set a new monthly sales record. www.plugincars.com/chevy-volt-sales-set-record-october-2012-nissan-leaf-rises-occasion-125104.html. And the same people who predicted confidently that the Prius would flop have […]
