I had to read the title to this article over and over again to finally understand it. Now, I admit I am a little slow, but the title was: ‘Program Will Pay Homeowners to Sell at a Loss.’ But if that did not make sense the article goes on to say, “This latest program, which [...]
In his book, ‘The Fatal Conceit’ Friedrich Hayek said the fatal conceit is “the idea that the ability to acquire skills stems from reason.” At the time of Hayek’s writing ‘rationalism’ was all the rage. Although, I think it has always been rage, and still is, at the time Hayek was writing this it was [...]
Over time the prices of goods and services in most industries fall. We have all witnessed the incredible declines in the prices of computers, DVD players, and other electronic equipment. More generally, though, the price of durable goods, adjusted for overall inflation, has fallen by about two-thirds over the past half-century. Yet, tuition costs have [...]