Why are Housing Inventories Low?

Written by John Lounsbury Econintersect: The question asked in the headline is the title 0f an Economic Letter Economic Letter posted by William Hedberg and John Krainer of the San Fransisco Fed. They point out that inventories of houses on the market have been quite constrained even as house prices have risen significantly in many …

The Great Debate©: Is the Fed Destroying the Dollar?

Written by John Lounsbury There are two diametrically opposed camps on this question. This Great Debate© presents arguments from each side. First, Daniel R. Amerman, CFA, MBA will explain why he thinks inflation is the tool of choice (although he does argue at one point that the Fed has “effectively no choice“) and what the …

Rothbard and the Libertarian Populists

by David D’Amato This article originally appeared 15 August 2013 at mises.org. Recent weeks have seen much speculation by pundits about the nature of “libertarian populism.” For those who regard all of libertarianism as an ideological whitewash for plutocracy, libertarian populism is clearly a matter of pulling the wool over the eyes of the common …

February 2013 New Home Sales Growth Were At 14 Month Lows

Written by John Lounsbury and Steven Hansen New home sales data for February 2013 was definitely much worse than last month’s data. We are now seeing one terrible month, and one good month. If one uses a 3 month rolling average – it is obvious this data series is in a 5 month growth “less …

Stephanie Kelton Lecture on Sectoral Balances and the Fiscal Cliff

The following lecture was given by Stephanie Kelton, Associate Professor of Economics at the University of Missouri Kansas City to the New America Foundation / Economic Growth Program / Economists for Peace and Security in Washington, DC, 13 November 2012.  The lecture is available in two forms:  a slide presentation with audio and on a …