Mises Institute: Did the Fed cause the housing bubble?
Mises Institute: Did the Fed cause the housing bubble? The connection between these moves (interest rate cuts) by the central bank, versus the pumping up and popping of the housing bubble, seemed to be more than just a coincidence. On the contrary, it looked like a classic example of the Misesian theory of the business cycle, in which artificially low interest rates lead to malinvestments, which then require a recession to correct.
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Original post by planning4acrash
This entry was posted on Monday, April 14th, 2008 at 4:37 pm and is filed under Housing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback