December, 2009

Federal Reserve Policy and the Housing Bubble

  • Lawrence H. White

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
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The U.S. housing bubble and the fallout from its bursting are not the results of a laissez-fairemonetary and financial system. They happened in an unanchored government fiat monetary system with a restricted financial system.

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Citation (Chicago Style)

White, Lawrence H. 2009. "Federal Reserve Policy and the Housing Bubble" Cato Journal 29 (Winter 2009): 115-125.