All Commentary
Friday, February 22, 2008

How Falling Home Prices Imperil the U.S. Economy


America's economy confronts a vicious cycle of falling home prices and rising foreclosures, and the challenge for policymakers is how ndash; and how much ndash; to intervene. Top economic officials are already taking some steps that are aimed, at least in part, at slowing the erosion of home prices. (Christian Science Monitor, Friday)

The market is self-correcting. Get out of the way!

FEE Timely Classic
The Neglected Factor in the Housing 'Bubble' (pdf) by Raymond J. Keating