Austrian School Economists and the Housing Bubble

George Leef

  • Article
  • December 28, 2010

A line we often hear from the mainstream media is that nobody saw the housing bubble coming, as if it were like a sudden plague that struck with no warning. Loyola University professor Walter Block, however, points out here that quite a few Austrians predicted it, based on their method of analyzing changes in incentives and their logical consequences.

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