Monday, November 11, 2013

House prices "bubbled" because Turgot's land beats Samuelson's "money"

Worthwhile Canadian Initiative: House prices "bubbled" because Turgot's land beats Samuelson's "money": "If I am right about this, the financial crisis was not caused by the bursting of a land bubble, because it wasn't a bubble. It was caused by the appearance of a "money" bubble. And the crisis will only end when Turgot's land once again replaces Samuelson's "money""

'via Blog this'

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