Regarding the mortgage/housing prices crisis, David Brooks laments,
So I guess we’re all bailout artists now?
We do seem to have reached some Bernanke-era consensus. In normal times, the free market works well. But in a crisis like this one, few are willing to sit back and let the market find its own equilibrium.
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Regardless of how you feel on the topic, this appears to be an accurate reflection of the policy ...
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