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You Know It’s Bad When… January 19, 2008

Posted by davidzweig in economics.

The following opinion was penned this week by:

a.) Paul Krugman
b.) John Edwards
c.) William F. Buckley, Jr.
d.) Brad DeLong

The politics of the matter are at least this clear. The federal government being the only agent that can possibly intervene, it needs to do so, by forbidding the liquidation of mortgages until the disparity between true value and hypothetical value is pounded away by time and inflation — and a revitalization of the functions of the marketplace.




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