Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
Sunday, March 20, 2011
Low Interest Rates May Have Fueled The Housing Bubble
See Straightjackets and “We Rule” Shirts by John Taylor. He shows a graph that the countries that deviated the most from optimal interest rates had the most investment in housing.
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