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Robert Hughes

Housing Starts and Permits Rise in June But the Trend Remains Weak

New-housing-unit starts rose 8.3 percent in June to 1.22 million, led by a 15.4 percent jump in structures with five or more units. Single-family starts rose by a more modest 6.3 percent in the month. Despite the increase, starts remain about 9 percent below the recovery peak of 1.33 million hit in October 2016. Average […]

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William J. Luther

The Regression Theorem: In Light of Bitcoin

Contra Mises, explicit coordination might be used to launch an intrinsically worthless item. Such a view is in line with standard models of money employed by economists today. Coordination also seems to have played a role in launching bitcoin.

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