Wednesday, Aug 11, 2010
Why is this so hard for our politicians and central bank to grasp?
FT: House priced out
This article makes a good case for allowing councils to support the lowering of prices at a local level, but fails to acknowledge the role that central government and the central bank has had in stoking the housing boom and then getting the taxpayer to bail out the most reckless during the aftermath.
Posted by paul @ 08:17 AM (493 views) Add Comment
2 Comments
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1. Wageslavex14 said...
Is this the editorial? If so, great.
An editorial in the FT which says unambiguously that house price falls are a good thing has got to be applauded.
Now if only the rest of the mainstream press could finally get on board with this devilishly simple idea....
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