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Robert Hughes
Falling Housing Permits Suggests a Cautious Outlook for Housing
The housing market appears to be struggling with a combination of elevated home prices and rising interest rates. With interest rates likely to drift even higher over coming months and quarters, the outlook for housing is cautious.
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Michael Munger
The Lighthouse Myth
It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.
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