Comments on: Where I’ve been and where I’m going http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: Frederick Davies http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html/comment-page-1#comment-176134 Frederick Davies Mon, 10 Aug 2009 10:35:00 +0000 http://cafehayek.com/?p=5658#comment-176134 It seems other people are also resistant to abandon rationality concerning this crisis: http://www.telegraph.co.uk/finance/comment/6001161/Dont-look-for-the-irrational-in-the-credit-crisis-we-do-stuff-for-a-reason.html By the way, why was my previous post in this thread eliminated? It seems other people are also resistant to abandon rationality concerning this crisis:

http://www.telegraph.co.uk/finance/comment/6001161/Dont-look-for-the-irrational-in-the-credit-crisis-we-do-stuff-for-a-reason.html

By the way, why was my previous post in this thread eliminated?

]]> By: Anonymous http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html/comment-page-1#comment-176084 Anonymous Mon, 10 Aug 2009 00:52:00 +0000 http://cafehayek.com/?p=5658#comment-176084 The supply guy is on to something. Hazlett says holding rates artificially low encourages speculative activities. The supply guy is on to something. Hazlett says holding rates artificially low encourages speculative activities.

]]> By: Anonymous http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html/comment-page-1#comment-176083 Anonymous Mon, 10 Aug 2009 00:49:00 +0000 http://cafehayek.com/?p=5658#comment-176083 Perhaps the banks funded speculators....No they wouldn't...would they??? Perhaps the banks funded speculators….No they wouldn’t…would they???

]]> By: Jeff http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html/comment-page-1#comment-176028 Jeff Sat, 08 Aug 2009 13:47:00 +0000 http://cafehayek.com/?p=5658#comment-176028 Almost every analysis of this looks only at the demand side. When you do that, you come up with explanations like principal-agent problems leading to mispriced risk, poor financial regulation leading to regulatory arbitrage, interest rates held too low for too long, and so on. But the supply side is also important. In jurisdictions where the supply response was not artificially constrained by zoning laws, there was not much of a bubble, and prices have not fallen drastically. This should not be forgotten. It takes a lot of bad laws to create this big of a mess. Almost every analysis of this looks only at the demand side. When you do that, you come up with explanations like principal-agent problems leading to mispriced risk, poor financial regulation leading to regulatory arbitrage, interest rates held too low for too long, and so on. But the supply side is also important. In jurisdictions where the supply response was not artificially constrained by zoning laws, there was not much of a bubble, and prices have not fallen drastically. This should not be forgotten. It takes a lot of bad laws to create this big of a mess.

]]> By: Anonymous http://cafehayek.com/2009/08/where-ive-been-and-where-im-going.html/comment-page-1#comment-175992 Anonymous Sat, 08 Aug 2009 01:33:00 +0000 http://cafehayek.com/?p=5658#comment-175992 If I may be so bold, I still like my explanation, "How Did the Mortgage Mess Happen" at http://businomics.typepad.com/businomics_blog/2008/05/why-did-the-m-4.html If I may be so bold, I still like my explanation, “How Did the Mortgage Mess Happen” at http://businomics.typepad.com/businomics_blog/2008/05/why-did-the-m-4.html

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