Martin Wolf: Allow House Prices in the US to Drop

January 14, 2009 3:00pm by Barry Ritholtz

I totally agree with Financial Times journalist Martin Wolf that home prices need to find their own levels:

Journalist Martin Wolf advises against “interfering with the clearing of the [housing] market.” Instead of artificially propping up housing values, he suggests fiscal assistance for those in need.

10/15/08

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