Is free market good or bad?
Free markets are theoretically optimal, with supply and demand guided by an invisible hand to allocate goods efficiently. In reality, however, free markets are subject to manipulation, misinformation, asymmetries of power & knowledge, and foster wealth inequality.
What is one disadvantage of a free market society?
What is one disadvantage of our free market society? Consumers have fewer choices than they do in other societies.
Why is privatization not needed in a free market economy?
Encourage free trade to hopefully have more business among more places and markets. Why is the process of privatization NOT needed in a free market economy? You do not need privatization in a free market economy because it already happens. How is the U.S. economy an example of a mixed economy?
Is it time to worry about the housing market again?
Demand is extremely strong from first-time homebuyers, trade-up buyers, and institutional investors. Therefore, it’s time to start worrying about the housing market again. If you plan to buy a house, it’s worth thinking about what could go wrong. This way, you won’t get blindsided in case things do.
Will the housing market slow down in 2021 and beyond?
The housing market did end up slowing down in 2018-2019. I’m revisiting this topic in 2021 and beyond because the outlook has dramatically improved. As a result, if you plan to buy a house, it’s worth thinking about what could go wrong. This way, you wont get blindsided in case things do.
What are the issues not addressed by market rate housing?
Another issue not addressed by market rate housing development is extreme income inequality, which is exacerbated by the relative inflexibility in rental costs. In San Francisco, the poorest 5\% of the population earn just $650 per month, while the bottom 5\% of rents is still $1500 per month.
What could cause the next housing market crash?
Crash discussions constantly evolve as economies progress through their cycles and new issues crop up. So far, economists and housing market experts haven’t come up with a credible specific cause for the next recession and housing market crash. But we know it’s going to happen sometime, so why can’t they see far enough ahead?