Philip Greenspun’s Weblog » The Audacity of Doing Nothing
How does it help the U.S. to have high housing prices? Isn’t it better for housing to be affordable? If we give a lot of money to people to prevent foreclosures in March, how is that fair people who were foreclosed on in January?
Good points! I would say that fairness isn't really part of the equation here. It's about limiting shocks. It's about breaking the spiral.
