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Insights into the Financial Crisis

In this post, we highlight a few popular level resources for gaining a deeper understanding of the financial crisis and its aftermath. The Bubble, a documentary examining the financial crisis, will be arriving shortly. Fraud: Why the Great Recession features Jesus Huerta deSoto and Philip Bagus and is already available. Learn “real history and economics”…
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Time Interest

What Is Interest?

There is a large consensus among microeconomists that “messing with” prices is not good. Among these prices, there is greatest consensus that rent control distorts the efficient allocation of resources. Despite the relative consensus among economists about price controls, there is seemingly no recognition that tinkering with interest rates will similarly distort the efficient allocation…
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