Thursday, 22 February 2018

Author Archives Steve Horwitz

Idle Resources Don’t Eliminate Inflation

Posted by Steve Horwitz
August 13, 2010
in Blog

One of the gravest sins of modern economics is its tendency to treat resources, both capital and labor, as essentially homogenous aggregates. Capital is more or less interchangeable with other capital, and labor is treated much the same. One reason for this is that such homogeneity and aggregation make mathematical modeling much more tractable, as […]

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Exonerating the Community Reinvestment Act by Steve Horwitz

Posted by Steve Horwitz
June 2, 2010
in Blog

In my various talks and written work on the financial crisis and the recession, I’ve taken pains to minimize the responsibility assigned to the Community Reinvestment Act for causing the high-risk loans that led to so much trouble. This point often bothers many free market types in the audience/readership who are convinced the CRA was […]

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