GhostOnTheHalfShell OP , 1 month ago @economics-that-works It powered the rise of the middle class, but was in essence a ponzi scheme. Decades on, the US has been subject to housing related financial crises about every 8 to 12 years. The same methods have been deployed in other countries like Australia.
@economics-that-works
It powered the rise of the middle class, but was in essence a ponzi scheme. Decades on, the US has been subject to housing related financial crises about every 8 to 12 years.
The same methods have been deployed in other countries like Australia.