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Politics : View from the Center and Left

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To: Steve Lokness who wrote (210983)12/9/2012 5:13:50 PM
From: bentway1 Recommendation  Read Replies (1) of 541604
 
I'm sorry Steve, but a LOT of economists, including Krugman, saw the housing bubble happening and knew it would end badly. I saw it, sold my bubble house in CA near the top, and pocketed 5x it's mortgage value, tax free (minus what I owed on the mortgage). I bought an equivalent house outright in SLC (where no bubble was happening) for cash, with plenty left over.

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The Austrians are a bunch of cranks pimped by Libertarians and Republicans, but not taken seriously by REAL economists. Even a broken clock is right twice a day.
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