Some economists call this view "The Big Lie". See Krugman's column today: https://www.nytimes.com/2015/12/18/opinion/the-big-short-housing-bubbles-and-retold-li

Some economists call this view "The Big Lie". See Krugman's column today: https://www.nytimes.com/2015/12/18/opinion/the-big-short-housing-bubbles-and-retold-lies.html https://www.nytimes.com/2015/12/18/opinion/the-big-short-hou...