Henry Kaufman explains how Libertarianism hindered the Fed. While I don't agree with all of it, it raises some good points, I think.
A couple of very interesting pieces from Marginal Revolution. I recommend you read them. Alex Tabarrok gave a TED talk, and Tyler Cowen discusses the field of Law and Economics.
Here's some Case-Shiller city data on housing prices. They're still dropping, though it looks like we're nearing normal levels in some places. Unfortunately, there's still likely more dropping to happen, due to a super saturated market.