Wealth- True or False - Part 2

I have a bone to pick with Robert Shiller & the interviewer:

Watch video from this link

In the video two statements are made that are highly misleading.

1) "At the core of the crisis is the fall in housing prices...."

2) "Is there anything the government can do?...."

The core of the crisis in not falling housing prices. This is a symptom not the disease. The disease is centrally controlled economic policy that screws up the market by lowering interest rates artificially.

Regarding statement number 2. Let's think about this one. The same people who fouled up the market in the first place are going to save us by fixing it?????

How dense do they think we are?

The scariest words you will ever hear from the Federal Government are "I'm from the government and I'm hear to help you."

In finance, we have a procedure when it comes to dealing with corporate bankruptcy. The first thing you do is appoint a receiver. That is to say we Change The Management that got into the mess in the first place.

To be continued in part 3 later.