[quote=briansd1]
I’m also getting mixed signals from Rich’s writing.
I get it that the “Krugman-esque policy will eventually be looked at as a giant, tragic mistake.”
But then again, all the Krugman-esque policy is so far successful in improving real estate prices. [/quote]
That’s not a mixed signal… these reflationary policies can work at first to improve things, until the huge debt and monetary stimulus causes further distortions and/or a currency decline… those concepts aren’t in conflict at all.
