The Antiplanner’s Library: Coming Apart
One of the subthemes of the Antiplanner’s latest book is that there is a growing divide between the middle class (meaning people with white-collar jobs and their families) and the working class (meaning people with blue-collar jobs and their families). Charles Murray‘s latest book, Coming Apart, explores this split in … Continue reading
The Antiplanner’s Library: Spreading the Wealth
Subtitled “How Obama Is Robbing the Suburbs to Pay for the Cities,” this book sounds like it is right up the Antiplanner’s street (since my home fortunately doesn’t have an alley). Stanley Kurtz, a senior fellow with the Ethics and Public Policy Center, argues that Obama intends to forcefully implement the smart-growth agenda in his […]
Book Review: All the Devils Are Here
In the Antiplanner’s recent review of Margin Call, I wrote, “No bank secretly realized that mortgage-backed securities were worthless and unscrupulously sold them to unsuspecting buyers.” The authors of All the Devils Are Here would apparently disagree. Unlike most of the books about the financial crisis that the Antiplanner reviewed last year, which each tended […]
Movie Review: Margin Call
Margin Call opened four months ago, so this review isn’t exactly timely, but for readers who haven’t seen it, it purports to be about the 2008 financial crisis. Since the Antiplanner has written extensively about this crisis, I found the movie intriguing enough to watch the DVD. The entire picture takes place during about 27 […]
Central Planning Gone Wild
In 1957, Nikita Khrushchev bragged that the Soviet Union would overtake the United States in production of steel and other important products within 15 years. Not to be outdone, Mao Zedong immediately decided that China’s own steel industry would overtake Britain’s–then the world’s second-leading manufacturing country (14). Thus began the Great Leap Forward, one of […]
The Technology That Changed Small Business
The Antiplanner hasn’t finished reading Marc Levinson’s The Great A&P and the Struggle for Small Business in America, but the story he tells is essentially the same as that told by former A&P executive William Walsh in The Rise & Decline of the Great Atlantic & Pacific Tea Company, a book the Antiplanner discussed nearly […]
The Density Fallacy
A decade or so ago, an Economist senior editor named Frances Cairncross wrote a book called The Death of Distance which argued that, thanks to declining transportation and telecommunications costs, distance really doesn’t matter anymore. So it is ironic that another Economist writer, Ryan Avent, has written a new book arguing that “Distance is not […]
The History of Home Ownership
An earlier series of Antiplanner posts looked at the recent financial crisis and the role the housing market played in that crisis. This has led the Antiplanner to look deeper into the history of housing and home ownership. The Census Bureau began tallying homeownership rates in the 1890 census; before that, American homeownership rates can […]
Market Asymmetry
Along with Michael Lewis’ The Big Short, Gregory Zuckerman’s The Greatest Trade Ever shows that at least some investors were aware that the housing bubble of the mid-2000s was likely to collapse, with severe repercussions on the economy. The book (whose alternate subtitle is “How One Man Bet Against the Markets and Made $20 Billion”) […]
Contributing Factors, Part One
Today and tomorrow, as a part of the Antiplanner’s continuing series about the 2008 economic meltdown, I am going to look at many of the supposed causes of the crisis and show that, while some of them may have made the crisis worse, none of them were the ultimate cause of the crisis. In some […]
A Crisis of Reserves
The Antiplanner continues to read recent books about the 2008 financial crisis, but there are definite diminishing returns. I just finished Roger Lowenstein‘s The End of Wall Street and found it disappointing. It covered almost exactly the same ground as Too Big to Fail, but unlike the latter book, which was based mainly on interviews, […]
Antiplanner’s Library: Freefall
Nobel-prize-winning economist Joseph Stiglitz‘s take on the 2008 financial crisis is simple: Free markets are bad; government is good; we need more government. This is, essentially, a reiteration of what is known as the Greenwald-Stiglitz theorem, which states that markets are imperfect, so “government could potentially almost always improve upon the market’s resource allocation.” A […]
