Summary: As a follow-up to yesterday’s post (A situation report about the global economy, as the flames break thru the firewalls), we have the words of a leading economist — one whose forecasts have been among the best during the past few years. An excerpt from “Some Inconvenient Truths” by David Rosenberg, 26 January 2009 (no …
 Summary: an economist joins FM in suggests that homes might be destroyed in order to stabilize home prices. Inaction means that market forces — abandonment — will result in this harsh solution, but in an irrational and unnecessarily damaging way. Of course, Americans of our time rely on hope and folly as our preferred solutions. In A vital …
Destroying houses in order to boost home prices Read More »
In my post on 18 September, “A vital but widely misunderstood aspect of our financial crisis“, I made a radical proposal: Here is one way the government can fix the housing crisis: buy and destroy homes. The government did this with food during the Depression, to help farmers by increasing food prices. That was tough on food …
Knocking down houses in order to save the village Read More »
