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Archive for September 6th, 2010

Letting housing prices fall to clear the market–what a concept!

06 Sep

The New York Times is reporting that the federal government’s efforts to prop up the sagging housing market have not worked (what a surprise!); the housing market is still mired in a depression.  Instead of calling on the federal government to “stimulate” the housing market to prop up demand—and prices—analysts are now calling for the unthinkable just a few months ago, letting housing prices find their equilibrium levels in a free market.

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Posted in Federal Government