Supply and Demand (in that order)

In a working paper last week (available from NBER or from www.caseymulligan.net/w14446.pdf ), Univ. of Chicago student Luke Threinen and I ...

Shouldn't a housing bust have the opposite effects of the housing boom? The party line about the economy is that the housing boom was a ...

Some reporters for the New York Post tried to prove the existence of a credit crunch by going out to apply for loans. Loans for housing, lo...

The U.S. Treasury has not yet actually given funds to banks pursuant to its bailout plan . Those funds are intended to "go out the door...

The U.S. Treasury now proposes to spend some of its $700 billion authority – $250 billion to start – to purchase equity in struggling banks....

Do you remember this entry from 3 weeks ago? I said that housing prices had 27% more to fall. Last Friday, Luke and I wrote "...as of ...

The housing crash is one of the fundamentals our economy inherits from the past. This is boom time for the nonresidential sector because, af...

The first estimates of 2008 Q3 GDP will be released on Thursday (four days from now). I take this opportunity to reiterate my predictions, w...

If you do not mind having nightmares, I recommend reading Professor Mankiw's article comparing the McCain and Obama tax plans . He calc...

I am not a fan of the blame game. However, regardless of what public policy actions might follow, determining the fundamental cause of the h...