Tag Archives: economist thomas sowell

Economist Thomas Sowell Has Released A New Book – Economic Facts and Fallacies: Second Edition

Here’s the new book on Amazon.com. Dr. Tom Sowell was on Dennis Prager’s radio show today. Dennis: “Are we headed towards Greece [style bankruptcy]?” Tom: “Yes.” “The debt ceiling has not limited debt. It provides political cover for presidents to … Continue reading

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Did One Hedge Fund Keep The Housing Bubble Going?

Economist Thomas Sowell points out that the housing bubble in the United States was primarily restricted to certain areas like coastal California with extensive land use regulations, restricting the amount of land available for building. Reduced supply raises prices. High … Continue reading

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How To Value Mortgage Bonds

The government mandates that three organizations rate and evaluate securities (stocks and bonds). So we have these impossibly complicated stocks and bonds backed by mortgages. The government forces Moodys, Standard and Poors etc to rate stuff nobody understands. DealBook reports: … Continue reading

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Basic Economics 4th Ed: A Common Sense Guide to the Economy by Thomas Sowell

Stanford economist Thomas Sowell was on Dennis Prager’s radio show today. Dennis: “What role did Wall Street play in producing the current recession?” Sowell: “They played the role of suckers who bought mortgages who weren’t worth what they paid for … Continue reading

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CA Law Makes It Hard To Hire A Lawyer To Help With A Mortgage Modification

Stanford economist Thomas Sowell at the Hoover Institute wrote an important book called Applied Economics: Thinking Beyond Stage One. According to Publisher’s Weekly: “While politicians squabble over the pros and cons of price controls on prescription drugs, onlooking citizens are … Continue reading

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Economist Thomas Sowell Examines The Housing Boom & Crash

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Read On For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. … Continue reading

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What Can We Learn From The Housing Bust?

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Dr. Sowell notes that it was government intervention and regulation that pushed lenders to reduce their standards before extending mortgage loans. These riskier loans aka … Continue reading

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Racial Discrimination In Mortgage Lending

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading

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Stupid Solutions To The Housing Crisis

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Several senators such as Barbara Boxer want to allow judges to modify loans on principal residences. Why would lenders lend money to people in the … Continue reading

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Why The Housing Boom Went Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that “the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading

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