How to Fix the Great Real Estate After-Bubble

The Washington Post April 21 headlines an article “Wall Street betting billions on single-family homes in distressed markets.” The article continues, “Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted in the crash, hedge funds, Wall Street investors and other institutions are crowding out individual home . . . → Read More: How to Fix the Great Real Estate After-Bubble

Income Inequality and Financial Crises, NYT, Aug 21

A New York Times article by Louise Story asks, “Do widening gaps between rich and poor necessarily lead to financial crises?” (Aug. 21) The answer is yes, for a reason observed over 100 years ago by American economist and reformer Henry George: Economic growth enhances the value of titles to real estate and other natural . . . → Read More: Income Inequality and Financial Crises, NYT, Aug 21

The Kotlikoff-Mehrling Plan: Better than the Paulson Bailout

In 1992, a Swedish real estate bubble burst, creating a banking panic and freeze. The Swedish loaned banks money, but in exchange, forced banks to promptly write down bad real estate investments and issue warrants to the government. Warrants–the right to purchase stock at a preset price–gave the government bank stocks cheap. At the end . . . → Read More: The Kotlikoff-Mehrling Plan: Better than the Paulson Bailout

The Great Crash of 2008, by Mason Gaffney

This crash is The Big One; it has signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars and, rarely, plagues have broken the rhythm, along with the little ice age, reformation and . . . → Read More: The Great Crash of 2008, by Mason Gaffney

The Great Crash of 2008, by Mason Gaffney

This crash is The Big One; it has signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars and, rarely, plagues have broken the rhythm, along with the little ice age, reformation and . . . → Read More: The Great Crash of 2008, by Mason Gaffney