Easy money causes excesses but you cannot predict where they will show up; based on 1960s and 70s experience, monetary policy did induce booms and slumps in housing, making housing a logical place for the excess to occur this time.
causalpending
Speaker
John TaylorEvidence Quote
“when Milton Friedman wrote about this long ago he would talk about the ups and downs of too much money and too shortage of too little money... sometimes it would cause excesses in certain areas or certain markets you never can predict where it would be housing is a typical one based on the 60s and 70s monetary policy did induce booms and housing in slumps in housing”
Created: 6/15/2026, 9:20:12 AM
My Notes
Loading notes...