Archive for April 15th, 2011

Housing Fraud Lives

From Yahoo: The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn’t qualify, a government investigator said Friday. • More than 47,500 taxpayers claimed the first-time homebuyer credit even though there was evidence on previous tax returns that they had already owned a home, […]

An Inflation Experiment

One of the excuses that economists advance for being so frequently wrong about most things is that theirs is a science which precludes testing hypothesis. In other words there isn’t any way to set up an economy and see if your theories are valid in the real world. Well, we may have an opportunity to […]