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Oil and the real trade balance

…one third of imports as refiners are taking advantage of the lower price of West Texas Intermediate to take foreign markets away from foreign refiners that use the more expensive…

Rent Control, Redux

…renters – the demand for dwellings for rent relative to dwellings for sale will dwindle. Either way, if rent control “ruined New York City real estate markets” and has been…

Wealth vs Income

…the 1950s. It is for that reason that I support interventions in the asset markets that try to jump-start the economy and reduce unemployment by boosting private wealth. That, in…