When people call for the Fed to fix housing inflation, I often smile because the Fed is a prime cause of housing inflation (and inflation generally). It may have been with the best of intentions, but that’s just reality. Relying on the arsonist to put out the fire is rarely effective. — John Mauldin

Emphasis mine.

posted by sursumcorda on Friday, August 21, 2026 at 06:11 AM
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