Daily Archives: February 1, 2008

The Real Estate Bubble

This 2004 article by Prof. Fred Foldvary seems prophetic in view of recent market developments. It goes a long way toward explaining not only the real estate bubble, but also the so-called “business cycle.” It acknowledges the role of monetary policies and banking practices in creating these periodic disruptions in the economy. If a sustainable steady state economy is to be achieved, both the “money problem” and the “land problem” must be solved. Highly recommended. – thg

Fundamentals of Alternative Currencies and Value Measurement

See this new post under Pages, New Chapters in the column to the right.