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The Financial Crisis, Ten Years On
It was this time ten years ago that people started to catch on that something was going wrong. Home prices stopped rising, many were falling, the flipping schemes were dying out, and default notices were being posted for smaller banking houses. Could it be that the entire glory days of the spectacular increases in home prices were coming to an end? Denial was still in the air.
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Hayek’s Commodity Reserve Currency
Hayek’s commodity reserve standard would automatically serve to stabilize prices and output. In our discussion of rule-based monetary policy and sound money, the mechanics and principles guiding Hayek’s proposal deserve careful consideration.
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Seven Facts About the Financial Crisis
A recent NBER paper calls into question the standard narrative of the financial crisis.
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What Does the Federal Reserve Balance Sheet Look Like?
In August, it will be 10 years since the Federal Reserve balance sheet exploded in size. How does it look now?
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The Scourge of Eminent Domain Seen on the Big Screen
A little pink house that looks over the water in a Connecticut working-class neighborhood and a “not for sale” sign perfectly depict the courage of a woman who fought against all odds to keep her home, because city officials decided that a pharmaceutical firm should have her land.
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