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Old 10-31-2008, 01:10 PM   #1
Mavdog
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what do you define as "living within our means"?

why is housing a "mal-investment"?

seriously, do you honestly believe that leverage is inherently bad and should not be done?

and yes, when "saving" becomes "hoarding" it is negative for economic growth. if the saving is not reinvested, either by not placing into lenders coffers, or by the lenders themselves not investing, there will be contraction.

"wackonomics" can be true in either direction of the pendulum swing.
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Old 10-31-2008, 01:32 PM   #2
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Originally Posted by Mavdog View Post
what do you define as "living within our means"?

why is housing a "mal-investment"?
We already had this discussion. These resources should have gone into factories and businesses in exactly the way a free market that doesn't have government interference in interest rates and affirmative action banking and GSEs in housing.

Why don't you give subsidies to all home building companies for an unlimited time? If houses are so great why don't we build some more? Heck, let's invest ALL our money in housing. - There are no mal-investments after all when it comes to housing...
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fluffonomics, got a bit fluffy in here, price-to-fluff ratio

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