a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
mk  ·  4083 days ago  ·  link  ·    ·  parent  ·  post: Ayn Rand is for children.

I have no doubt that mortgage fraud played a big role. But what I am suggesting is that monetary policy could fuel an asset bubble simply by increasing available credit by pinning down rates. No doubt, relaxed lending and fraud would only exacerbate this, which I'm sure it did.