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Real estate prices fell by 50 percent by 1349 in Florence when boom became bust. That boom was fed by bank money creation.
This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 214 days ago (lewrockwell.com).  Views: 502
Tags: federal reserve
Related Tags: credit crisis  inflation  gold  housing bubble  bailout  dollar  economics  
by Michael S. Rozeff The proponents of greater government power are busily absolving government of any blame in the subprime crisis, deflecting criticism from government, and taking the opportunity to propose that greater government will prevent future [More...]

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