Robert Higgs has a wonderful new entry, "Health of the State, Sickness of the Economy," in which he describes the Fed-generated real estate bubble as just one more domestic ill to come from big government at home, which he points out is a predictable consequence, even in areas non-defense related, "when people let down their guard because they 'support the troops.'"
Read the rest, and come check out the new Independent Institute blog, the Beacon, featuring bloggers Bob Higgs, Jonathan Bean, David Beito, Peter Klein, David Theroux, me and others.

