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Wednesday, June 19, 2013

General Economics

News                                                                                                                             
FOX Business | Mortgage Applications Skid as Interest Rates Jump
Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday.

Econ Comments & Analysis                                                                                            
WSJ | The Regulated States of America
In "Democracy in America," published in 1833, Alexis de Tocqueville marveled at the way Americans preferred voluntary association to government regulation. "The inhabitant of the United States," he wrote, "has only a defiant and restive regard for social authority and he appeals to it . . . only when he cannot do without it."