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As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.
Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law
Rob initiates this week’s show by waxing poetic on the mortality of his musical idols and the treasure trove of emotional tribute songs that proliferated after the tragic passing of Nirvana frontman Kurt Cobain. His insightful homage leads perfectly into a loving soliloquy on the chaotic beauty of the Red Hot Chili Peppers' catalog, particularly their gigantic hit from 2002, “Can’t Stop.” Rob is then joined by both members of English pop duo the Ting Tings, who not only share his infatuation with bassist Flea’s instrumental prowess but also cite the RHCP's unbridled artistic vision as a major influence on their music.
Host: Rob Harvilla
Guests: Katie White and Jules De Martino of The Ting Tings
Producers: Chris Sutton, Olivia Crerie, and Justin Sayles
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While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.
Original article: https://mises.org/mises-wire/fallacy-measuring-inflation
Tim Harford investigates some of the numbers in the news and in life. This week:
Is the secret to halving obesity rates really just a matter of cutting back on one fizzy drink a day?
How many new babies in the City of London have a foreign-born parent? And since fewer than one baby a week is actually born in the City of London, how much should we care?
Electricity in the UK is more expensive than almost anywhere else. Why? And is it anything to do with wind turbines?
And we help out rival Radio 4 programme Start the Week with a claim about churches.
If you’ve seen a number in the news you think we should take a look at, email the team: moreorless@bbc.co.uk
More or Less is produced in partnership with the Open University.
Presenter: Tim Harford Reporter: Lizzy McNeill Producer: Nicholas Barrett and Nathan Gower Series producer: Tom Colls Production co-ordinator: Brenda Brown Sound Mix: James Beard Editor: Richard Vadon
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The floodwaters in Texas were just subsiding when Democrats claimed that the death toll was due to staffing cuts at the National Weather Service. Of course, the truth is much different, but this was just one more incident of how natural disasters have become politicized in this country.
Original article: https://mises.org/mises-wire/texas-floods-another-disaster-another-false-narrative
Now is the time to admit that easy-money policy and corporate bailouts—imposed in the name of increasing homeownership—has only made housing more unaffordable.
Original article: https://mises.org/mises-wire/homeownership-rate-lower-now-it-was-45-years-ago
President Trump cracked down on the latest version of the LA riots by calling in the National Guard. However, much of the violence that accompanied those riots came courtesy of government actors.
Original article: https://mises.org/mises-wire/riots-are-symptom-statist-disease