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Financial policy isn't going to solve the root problem: housing construction fell off a cliff after the 2008 housing crises. We have a supply problem. that's tr
by taylodl 4y ago
Financial policy isn't going to solve the root problem: housing construction fell off a cliff after the 2008 housing crises. We have a supply problem. that's true for many areas in the economy, not just housing. Yet all the Fed can think to do is raise rates. All that's going to accomplish at the moment is transferring more wealth from the poor and middle class to the wealthy. Then again I'm becoming so jaded maybe that's all it was ever intended to do? Maybe they were just looking for a veneer of plausibility to justify the theft?