TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.
Many Are the Errors (Made By Paul Krugman)
September 20th, 2010Finance Professor Rafghuram Rajan wrote in his book Fault Lines that the GSEs and the Fed’s low interest rates helped cause the housing bubble, so Paul Krugman “reviewed” it, trotting out his inaccurate analysis that the GSEs had little to do with it.
Rajan responsed to the review by showing why the GSEs and the Fed’s interest rates policy did contribute. Well written and well argued.
-
Welcome.
Welcome to TightWind. If you liked what you read above, you can read more in the archives and subscribe to the new ones. If you'd like to introduce yourself, you can send me an email or a message on Twitter.