Are Fannie and Freddie Really The Devil?

by Ed Dodson and Lindy Davies

Ed: In your response to the comments you received regarding your “Georgist theory of history” article, you make the statement that Fannie Mae and Freddie Mac have helped to “cement landed privilege in place” – so much so that the GSEs deserve to be called “the Devil.” Do you really believe this is the case? Continue reading

Bastiat’s Broken-Window Error

by Dan Sullivan

Failure to appreciate the economic Law of Rent, or to recognize that interferences with the natural laws of distribution spawn interferences with production, leads one to conclusions that seem to make perfect sense, but which don’t reconcile with reality An example of this is in Bastiat’s essay, “What is Seen and Not Seen,” often referred to as “The Broken- Window Fallacy.” Continue reading