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Perhaps its a hint at our economic structure being built on an assumption of steadily rising home prices? And the somewhat dire consequences of exceptions leadi
by _ea1k 4y ago
Perhaps its a hint at our economic structure being built on an assumption of steadily rising home prices? And the somewhat dire consequences of exceptions leading to sharp policy changes to resume the "norm"?
I could see that as a form of path dependency. Past decisions about our economic framework end up having an outsized effect on today's policy.