Krugman. 2002. Calling for a housing bubble.
What’s more, by explicitly calling for a new bubble to replace the recently burst one, he anticipated by 6 years The Onion’s hilarious “report” that “demand for a new investment bubble began months ago, when the subprime mortgage bubble burst and left the business world without a suitable source of pretend income.” Except Krugman was being serious.
via Krugman’s Call for a Housing Bubble – Daniel J. Sanchez – Mises Daily.