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  • cfuryurself cfuryurself Apr 4, 2013 12:13 PM Flag

    Refuting the RWNJ meme about the housing crisis AGAIN !!!

    Stanford Economics Professor and monetary policy guru John Taylor in his timely book, Getting Off Track. Taylor begins:
    [
    The classic explanation of financial crises, going back hundreds of years, is that they are caused by excesses — frequently monetary excesses — that lead to a boom and an inevitable bust. In the recent crisis we had a housing boom and bust, which in turn led to financial turmoil in the United States and other countries. I begin by showing that monetary excesses were the main cause of the boom and the resulting bust.
    ]
    What ?? No fan or fred ??
    Surely RWNJ can't accept this

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