Now that the Federal Reserve-stimulated asset bubble has burst in the housing markets, and the subsequent follow-on government attempts to fix a government-created economic crisis are failing (see cash for clunkers and the market-distorting “first time homebuyer credit”), it’s time to assess your current situation and decide whether or not to walk away from...
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Walk Away from that Mortgage
Bailout Reader
(Note: this post is taken from the Ludwig von Mises Institute’s economic blog) The events taking place in the financial market offer an illustration of the soundness of the Austrian theory of money, banking, and credit cycles, and Mises.org is your source not only for analysis of these events but also the economic theory...
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