They excluded housing appreciation from the CPI in the late 80s, created 30 year loans, massive bailouts adding to moral hazard; I agree its neoliberalism, deregulating the money supply growth made people over leverage to profit off the cantillon effect, obviously leading to asset bubbles.
They excluded housing appreciation from the CPI in the late 80s, created 30 year loans, massive bailouts adding to moral hazard; I agree its neoliberalism, deregulating the money supply growth made people over leverage to profit off the cantillon effect, obviously leading to asset bubbles.