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What's the Ideal Ending to the Housing Bubble?
invite response
2006 Apr 8, 6:52am 25,066 views 196 comments
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Well, I'll put it in terms HARM might understand. :) I made a mean cheese tray when I was in college.
Randy H
2006 Apr 10, 4:26pm
Zephyr,
That was my stance, but frank has pointed out (correctly) that this is semantic in our debate (on fiat money), so we can move past it. You and I obviously subscribe to neoclassical economic theory, at least insofar as the quantity theory of money.
Frank,
We can continue the fiat money debate if you wish, or we can pick it up when a more econ-focused thread comes up sometime soon. If none are posted by other authors I'll probably start one myself within a week.
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You write the script. If you could imagine an ending to the housing bubble that would meet all your expectations, what would it be?
You can be creative or not-- your choice.
Also-- what would happen to salaries in the ideal bubble burst? Would the salaries rise to meet the cost of housing, or would housing crash so hard that it wouldn't matter?
#housing