Home Prices Fall to Lowest Level Since 2006

Tuesday, February 28th, 2012 and is filed under News

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Nothing exemplifies the pernicious effects of Keynesian economics more than the housing crisis.  It is simply astounding that 5 years after the housing bubble burst, prices are still falling.  The latest numbers from the Case-Shiller index show housing prices falling another 3.8% during the last quarter to the lowest level since 2006.  When will all these Keynesian learn that their bailouts,  fiscal and monetary stimulus will never work?  Had we left the market alone back in 2008, we would have already bottomed out and would be in the midst of a recovery.