Nihilo ex nihilo fit. Out of nothing, nothing comes. First put forward by ancient Greek philosopher Parmenides in the fifth century B.C., Thomas Aquinas and St. Augustine later used this axiom to prove that the universe needed a “first mover” to get things going. Even if the whole thing began with some kind of “Big Bang” moment, it still needed a banger to bang it. Who? God, of course.
Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is involved, the faster a market will recover.
President Obama crowed in his State of the Union speech about the economy, even mentioning “a rebounding housing market.” Maybe he was referring to …
We put in a good-citizen call to the SEC the other day. “There’s a massive scheme to manipulate stock prices,” we told the friendly …
No other price pops during a boom like that of condominiums. The common view among savvy real estate types is condos are the last …
The other night, I tuned into The Flaw, a 2011 documentary about the 2008 financial crash. While telling the crash story, the movie flashes …
Walking away is not just for homeowners anymore. Now banks have joined in and are walking away, leaving thousands of homes vacant because they …
The debate about the Fed is under way, and thank goodness. But as with many policy debates, there really shouldn’t be a debate at …
The secrecy of the Federal Reserve is legendary, but pressure in recent years has led to some opening up. Already in the last 12 …