Labor Economics #2 - Labor Mobility by Alex Merced There is usually a decent job somewhere out there waiting, but the ability for someone to take advatage of that oppotunity also has to do with their willingness and ability to move to where the job is located. Like all capital, labor can be mal-invested...
Regulating Enterprise by Alex Merced Time and time again we hear in the news that we need stronger regulation on Oil, Housing, and Banking to prevent all the problems we've seen over the last few years. Today, I'd like to make the argument that the problems with all three of these sectors has...
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AlexMerced
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Alex Merced
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Wed, Jun 30 2010
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Filed under: Subsidies, Moral Hazard, Risk, Taxes, Federal Reserve, SIPC, FDIC, Liability, Fannie, Oil, Central Banks, Unemployment, Freddie, Real Estate, Housing, Enterprise
I knew it would only be a matter of time before I would read that the free market is to blame for the current housing bust. Below is an excerpt from a letter to the editor of the New York Times : Its cause is the rigid, unrealistic ideology of the “magic of the free market” — with its doctrinaire aversion...