All posts tagged "fannie mae"

  • Blog
    Allowing Failure Fixes the Housing Crisis

    Goldman Sachs is buying up Fannie Mae’s bad paper to the tune of $4.5 billion for $5.7...

  • Articles
    Paul Krugman and Zombie Financial History

    Reprinted from Murray Rothbard liked to say that economists often tended to specialize in the area...

  • Blog
    Quotes That Reveal the Fatal Conceit of Central Banking

    Central banks are supposed to ensure price stability and support economic growth. To do so effectively, however, they must be able to consistently forecast economic movements. Since monetary policy operates with a lag of anywhere from 12-24 months, if the central bank only acts once a recession, or an inflationary boom, has...