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: Instapundit.comSO DID WE GET THE HOUSING BUBBLE BECAUSE BERNANKE LISTENED TO THIS IN 2002 FROM PAUL KRUGMAN? To ?
By Glenn Reynolds
SO DID WE GET THE HOUSING BUBBLE BECAUSE BERNANKE LISTENED TO THIS IN 2002 FROM PAUL KRUGMAN?
To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.
Well, we got the housing bubble, anyway.
Full post as published by Instapundit.com on June 17, 2009 (boomark / email).
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