“Top Federal Reserve officials are prodding the White House and Congress to take more aggressive action to stop the free-fall in the housing market, warning that the U.S. economy will remain sluggish and vulnerable and will not fully recover until housing returns to better health.” (Washington Post)
Will they never learn? Have they any incentive to learn?
FEE Timely Classic
“Blowing Bubbles: Getting Ready for the Next Bust” by Richard W. Fulmer