H O W A N E C O N O M Y G R O W S A N D W H Y I T C R A S H E S
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So the good news is that now we have fi nally learned to
be more realistic…right? Wrong. Even after the collapse
of the mortgage market, people still don’t understand how
home prices are infl uenced by government policies. And so
while the Bush and Obama administrations have committed
massive amounts of government resources to prop up the
defl ating market, people still don’t recognize how these
trusses are simply extending the pain and setting us up for an
even bigger fall.
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