SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JohnM who wrote (104395)2/17/2009 10:47:14 AM
From: Steve Lokness  Read Replies (1) of 541743
 
John;

But he's been warning about the real estate crisis for some time. I forget when he started but he's certainly not new to the game.

Yes, but without understanding Austrian School thinking, you would never have been able to identify the housing bubble in time to do anything about it. The housing bubble was a symptom of the problem John. The housing bubble was a result of too much cheap credit - the very thing Austrians warn about. Once the housing bubble became self evident, it was waaaaaay too late to do anything about it. I believe Krugman saw the bubble when the rest of us did - after it was well formed. That isn't predicting anything - it is observing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News