Knightskye
06-23-2009, 07:39 PM
http://blog.mises.org/archives/010153.asp
http://www.reason.com/blog/show/134320.html
A sample:
In time this overhang will be worked off. Meanwhile, economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer. But it seems inevitable that there will also be a fiscal stimulus package"
Also, something I found, along with my commentary:
August 16, 2002
“4. We may have a stock bubble, but we don't have a real estate bubble.”
Krugman admits if we do have a bubble, and it goes bust, we’ll be in a lot of trouble:
“If we do have a housing bubble, and it bursts, we'll be looking a lot too Japanese for comfort.”
Yet he wants to pump up the bubble anyway?
“And yet the Fed chose not to cut rates on Tuesday. Why?”
So yes, Paul Krugman did cause the housing bubble. ;)
http://www.reason.com/blog/show/134320.html
A sample:
In time this overhang will be worked off. Meanwhile, economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer. But it seems inevitable that there will also be a fiscal stimulus package"
Also, something I found, along with my commentary:
August 16, 2002
“4. We may have a stock bubble, but we don't have a real estate bubble.”
Krugman admits if we do have a bubble, and it goes bust, we’ll be in a lot of trouble:
“If we do have a housing bubble, and it bursts, we'll be looking a lot too Japanese for comfort.”
Yet he wants to pump up the bubble anyway?
“And yet the Fed chose not to cut rates on Tuesday. Why?”
So yes, Paul Krugman did cause the housing bubble. ;)