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Housing Bubble – Who Caused It?
Federal Reserve Debates the CAUSE
As we close out 2010, the debate over whether there was a housing bubble has long been answered with a resounding YES! The new question, the more important question is WHO or WHAT caused the bubble? that question was the topic of debate at a Federal reserve symposium aimed at containing asset prices years after the crash.
Stanford University Professor John Taylor
“In a sense, the fed caused the bubble”, noting that the priority should be not to crate bubbles in the first place. Read the rest of this entry »
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