I will be on Bloomberg tomorrow talking about foreclosures. I look forward to the day when no one wants to talk to me about foreclosures.
Program note
Economics Real Estate
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Jun 162011
Jun 132011
My longtime co-author, colleague and friend's opening remarks to last week's Wisconsin Real Estate conference has been mischaracterized, so I am reproducing the entirety of those remarks here: I'm very proud to be associated with this conference. I want to thank all the speakers and presenters, and especially all of you in the audience, for making [...]
Jun 122011
Much to my surprise, during our time on a panel together in Madison last Thursday, I found him to be less of an ideologue than I expected. I will continue to disagree with him on a "premimum support" system to replace Medicare, and I don't think his budget adds up (he never says how he gets [...]
What are basic economic principles?
Economics Real Estate
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Jun 052011
Whenever someone says that all policy problems can be solved by markets, they appeal to something they call "basic economic principles." If one goes to the open course page for the intermediate micro course offered at MIT, one finds the following topics on the syllabus: Consumer Theory 2 Choice, Preferences, Utility 3 Demand, Revealed Preferences, [...]
A principle for deficit reduction
Economics Real Estate
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Jun 042011
As I am preparing for a panel on the US budget I will be participating in on Thursday in Madison, a principle occurs to me. Given that over the past 30 years the economy has disproportionately benefitted high income people far more than low income people, and holders of capital more than earners of wages, any [...]