Monday, Aug 13, 2007
Overpriced property caused the US housing crisis. Not Subprime!
The American Prospect: Tell Ben Stein, IT AIN'T SUBPRIME
Dean Baker (Ph.D in economics) disagrees with NYT columnist Ben Stein over the subprime debate. Dean says subprime hasn't caused the US housing problem, but blames overpriced housing. Subprimers are merely the first casualties of the housing crash. He also reckons the sheeple (or chicken littles) are starting to get wise to the facts thus accelerating the situation.
Posted by eyeore @ 08:46 PM (141 views) Add Comment
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