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Discussion: (3 comments)

  1. Seattle Sam

    I liken the Fed’s actions to the pilot who drops the landing gear while his plane is plummeting straight down from 30,000 feet. All the manuals say you’re not suppose to do that, but at this point he’s willing to try anything.
    The Fed was charged by the late Senator Humphrey with simultaneously delivering sound money and full employment. At this point they’re willing to try anything.

  2. It’s about time that some SANE person said that high home prices isn’t good.
    Gee, is it good if you pay twice as much for a house so you can pay twice as much in TAXES?
    The only time it’s good is if you have an extra house (as I do) and are tired of being a landlord with it. I hope prices double so I can get rid of it BEFORE the newest Bubble bursts!

    1. Seattle Sam

      I think you just answered your own question. If you’re government, yes, it IS good that you pay twice as much for a house so you can pay twice as much in TAXES.
      Government, like everyone else, acts in its own self-interest.

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