How the Federal Government Created the Subprime Mortgage Crisis
The result of the government’s expansion into the subprime mortgage market was that by the time of the financial crisis, more than half of all mortgages in the United States were subprime or otherwise low-quality mortgages.
Midwest and Resource-Rich States Vulnerable to Canada, Mexico, China Tariffs
Fitch Ratings-New York-05 December 2024: Midwestern U.S. states’ economies could be particularly vulnerable to imposition of blanket tariffs on Canada,
Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk.
Recommended Readings on Free Trade Versus Protectionism: Everything You Need to Know About Open Markets, Comparative Advantage, and Globalization | Williamson M. Evers
Contents
Introduction
Recommended Readings
Introduction
Economists, going back to Adam Smith and David Ricardo, are virtually unanimous that free trade benefits consumers and the overall economy. B
Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.
Public Choice Doesn’t Require Us to Assume People Are Evil - Econlib
Public Choice, the economist James M. Buchanan explained, is built on the “homely” proposition that politicians are just like the rest of us. We call this “behavioral symmetry.” They have their own interests, and they try to satisfy those interests. Furthermore, we can understand people’s behavior in the voting booth and the bureau using the […]
Other people’s money: Preferences for equality in groups
Economic policy decisions often involve a trade-off between equality and efficiency implemented through income redistribution. We test whether people are less likely to purchase equality with their ow
Trump imposes tariffs; Canada, Mexico retaliate; auto industry braces for fallout
Trump put duties of 10% on all imports from China and 25% on imports from Mexico and Canada – America’s largest trading partners – except for a 10% rate on Canadian oil.
Economist: Michigan to feel pain of tariffs earlier, and worse, than many other states
President Donald Trump's imposition of 25% tariffs against Canada, Mexico and China may be sparking a trade war, and Michigan has more to lose than many other states in the U.S