You Won’t Believe What Today’s Housing Starts And The 1982 18% Mortgage Have In Common
by Lee Adler, Wall Street Examiner
I draw the charts. You draw the conclusions.
Starts Per Million of Population
But I do have a question. What hath the Fed wrought? Aside from destroying the finances and lives of millions of America’s elderly, while punishing thrift and rewarding rank speculation, has it also made any real chance of a housing recovery impossible in the process? Is it not time that we look at Fed policy through a moral prism that goes hand in hand with the question of effectiveness.