Austrian School Economics
"Uke all artificially created bubbles, the
boom in housing prices cannot last forever.
When housing prices fall, homeowners will
experience difficulty as their equity is wiped
'out. Furthermore, the holders of the
mortgage debt wll also have
a loss, These
losses will be greater than they otherwise
would have been"
Ron Paul in 2003.
"To fight this recession, the Fed needs more
than a snapback; it needs soaring household
needs to create a housing bubble to replace
the Nasdaq bubble."
Paul Krugman, 2002