Ames emailed me a New York Times blog post from last February by one Casey B. Mulligan–which may sound like a fictional baseball player’s name, but no, he’s real all right, just another in a long line of insane econ professors from the University of Chicago. In the blog post, Mulligan cheerfully announced that when it comes to commercial real estate, we’ve got nothing at all to worry about. There’s no danger of a CRE crash, like the one we’ve experienced in the residential market, so we can all go back to being happy free market beneficiaries.
No CRE crash? Ha-ha! I just love these Chicago School alchemy frauds! It is truly a joy to see them make such fools of themselves on the permanent public record. And not surprisingly, although Mulligan struck out, he’s still at the plate, batting out barely comprehensible economic fatwahs for the New York Times like nothing ever happened—that’s the kind of free market a real Chicago School economist likes. (more…)
November 4th, 2009 | Comments (24)
