Responding to my post chastising Woodford for (in effect) assuming that housing prices prior to the unwinding contained no bubble component, reader Narina writes:
"I am a private lender, my company provides loans of all kinds with an interest rate of 2% only. It is a financial opportunity at your door step, apply today and get your quick loans."
Thanks for that astute comment, Narina! It's wonderful to have such close readers of what one writes, able to hone in on the weak points of one's argument with lasar-like precision. I stand corrected. I did overlook the fact that there is a "financial opportunity at my doorstep," - which ought to have tempered my criticism of Woodford.
Meanwhile, the invaluable Josh Marshall points out that Senator Rand Paul has signed up to teach a course at GWU on dystopian visions. Who better? Libertarianism: the war of all against all.