AtomicQuote

Yaron Brook Quote

Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble, cried New York Times columnist Paul Krugman in 2002.8 And that’s exactly what Greenspan did. Much of the new cash that flooded into the market as a result of his policies went into real estate, where small fluctuations in interest rates have a huge impact on prices.

Yaron Brook

Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble, cried New York Times columnist Paul Krugman in 2002.8 And that’s exactly what Greenspan did. Much of the new cash that flooded into the market as a result of his policies went into real estate, where small fluctuations in interest rates have a huge impact on prices.

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About Yaron Brook

Yaron Brook (Hebrew: ירון ברוק; born May 23, 1961) is an Israeli-American Objectivist writer who is the current chairman of the board at the Ayn Rand Institute (ARI), where he was executive director from 2000 to 2017. Prior to joining ARI, he was a finance professor at Santa Clara University, where he taught for seven years.