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Source link: http://archive.mises.org/13805/reality-economics/

Reality Economics

September 6, 2010 by

For more than two years now, and even longer depending on your dating scheme, the federal government has waged war on the reality of the incredible Fed-fueled bubble that developed in housing with spillover effects on the rest of economic life. That bubble had to explode to restore some sanity to the economic environment. There is no getting around that. The policies were all about trying to paper over what we did not want to deal with as facts. But the facts won’t go away. FULL ARTICLE

{ 2 comments }

gregw September 7, 2010 at 7:12 pm

Funny no one has commented. I really like this article.

Christopher September 8, 2010 at 7:16 am

Maybe it’s because we’re all in agreement? I for one am furious that the press hasn’t once mentioned how delaying the expiration of the Bush tax cuts and/or Obama’s recent announcement of small business tax cuts will affect the deficit and cost projections of Obamacare.

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