DUers need help, who said a few yrs ago that we are a nation that buys & sells houses to each other?

[roseBudd]

the gist was that was what our economic activity had devolved to.

[fishnfla]

1. krugman or friedman? eom

[fishnfla]

2. there was a lady in the goverment that predicted the whole mess

I cant recall her name, she was in the treasury dept or somesuch. she was silenced by her higher-ups

[shrike]

3. Krugman said it in print. I remember the article.

Doesn't mean he was the first to say it, though.

[KillCapitalism]

4. Whoever it was, it's certainly not true anymore.

It takes jobs for people to be able to buy homes, and for the ones who still have their jobs, they still can't afford the over-inflated prices of housing.