« A New Housing Bubble In The United States | Main | The Crooked Timber Of Humanity »

03/26/2013

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Jamie

Its pretty clear as long as taxes on wealth are low, the wealthy will choose speculation, whether its in housing, commodities , or whatever. Its one reason the economy and the now non-existent middle class did better back in the 50s-60s with high marginal tax rates. I would argue that speculation should be banned in essential resources, like housing, food, energy and healthcare but that doesn't seem to be the American way :)

The comments to this entry are closed.