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Robert Hughes
Existing-Home Sales Fall Again
Sales of existing homes fell again in September. The combination of rising home prices and higher interest rates is likely weighing on housing activity, and is likely to restrain activity in the coming months and quarters.
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Antony Mueller
Why Debt-Driven Booms Are Unsustainable
Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.
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