Economia
Mercado Imobiliário Norte Americano: Falhas de Mercado ou Falhas de Governo?
Para o economista Gerald P. O'Driscoll Jr., o problema são falhas de governo:
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For all the talk of the failure of markets, what is actually working is markets. What failed were government policies of cheap credit and attempting to make housing affordable by stimulating demand. As amply demonstrated by Thomas Sowell in his new book, “The Housing Boom and Bust,” land-use restrictions and “smart growth” (read no-growth) policies are the culprit for the lack of affordable housing. Stimulating demand through cheap credit only fuels unsustainable price bubbles. The way to avoid a future housing bust is to stay away from demand-stimulating and supply-restricting housing policies. Meanwhile, keep letting markets work."
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Declaração Da Reserva Federal
Na sua declaração de ontem a Reserva Federal indica que: "the economy has weakened further. Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending. Furthermore, global...
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Expansão Monetária Com Crescimento Baixo
Easy Money, Slow Growth
January 29, 2013
by Jerry O’Driscoll
In today’s Wall Street Journal, John Taylor explains why the U.S. recovery has been tepid while money growth has been very rapid. The recovery has set records for its weak pace, while...
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Modelo Errado Do Banco Central Americano
Bad Models Mistook Housing Bust for Dot-Com Bubble
By Peter Orszag
In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanketrenchantly noted that the initial losses from the dot-com bust were about the same size...
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As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...
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A Maior Bolha Da Historia
By MARC FABER
The world has gone from the greatest synchronized global economic boom in history to the first synchronized global bust since the Great Depression. How we got here is not a cautionary tale of free markets gone wild. Rather, it's the...
Economia