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Strategies & Market Trends : ahhaha's ahs

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To: GraceZ who wrote (1449)3/10/2001 9:40:27 PM
From: ahhahaRead Replies (1) of 24758
 
Now for some reason when I brought up the idea that dropping mortgage rates made more expensive houses more affordable by lowering monthly payments and that had the side effect of raising median home prices, I was dismissed as a fool.

It was deserved. This is the kind of comment that occurred in the past when economists would say that rising interest rates adds to inflation. In the US we practice John Dewey's theory of education. This theory does not allow economics to be taught at the high school level. It is the greatest stupid move in education ever as evidenced by the incredible world wide complete stupidity in economics. It's an easy field of study. The decision to omit economics was heavily influenced by socialist commandeering about 90 years ago.
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