Despite claims to the contrary, it appears that Alan Greenspan’s ultralow interest rates – which went hand in hand with monetary growth rates comparable to those of the 1970s – were at the very least a large contributing factor to the housing boom. I feel confident in claiming that the housing boom would not have occurred if money and banking had been left in the hands of the private sector, as opposed to the state-organized cartel that we currently “enjoy.” FULL ARTICLE
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