Submitted by The Capital Spectator
Blood is definitely running in the streets these days. The troubles at Fannie Mae and Freddie Mac and the run on IndyMac Bank are only the latest examples of the various ills afflicting the markets and the economy. Discouraging as all this is, the ongoing challenge of upward inflation momentum won’t […]

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Submitted by unsettling economics
Sclafane, Susanne. 2008. “New Product Covers Legal Costs If Buyers Decide to Challenge Claim Denial.” National Underwriters Property and Casualty.”
http://www.propertyandcasualtyinsurancenews.com/cms/nupc/Weekly%20Issues/issues/2008/26/News/P26CLAIMSDISPUTE
“The risk that a claim won’t be paid — a potential downside that every buyer of insurance faces — was an uninsured exposure until recently, according to the developers of a new policy […]

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Submitted by Econbrowser
My previous post regarding government statistics elicited a lot of commentary, with a tremendous amount of vitriolic commentary directed at the current approach to calculating the CPI. Rather than provide more of my own thoughts on what constitutes an appropriate mix of theory and pragmatism, I will quote from the author whose work […]

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Submitted by CARPE DIEM
Economic theory predicts that rent control laws will result in these effects (from the Gwartney textbook):

1. Shortages and black markets will develop for housing.
2. The future supply of housing will decline.
3. The quality of housing will deteriorate.
4. Non-price methods of rationing housing will increase in importance (discrimination).
5. Inefficient use of housing will […]

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