Renowned economist Peter Schiff has voiced concerns about government efforts to artificially prop up the housing sector, arguing that attempting to prevent a market correction could create more serious economic problems down the line. According to Schiff, allowing natural market forces to work is preferable to prolonging asset bubbles through policy intervention.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
FUD_Vaccinated
· 15h ago
Old Snake Skin is starting to call again, saying every time that the market should self-adjust, and what’s the result?
View OriginalReply0
TokenUnlocker
· 15h ago
Coming back with this again? Government intervention in the housing market has long been an old trick, and what’s the result? The bubble gets even bigger. Schiff is right; it will burst sooner or later.
View OriginalReply0
OnChainDetective
· 16h ago
The government is once again manipulating the housing market behind closed doors. I took a look at the fund flow data early this morning, and there are indeed suspicious large transfers from institutional addresses... Schiff is right; allowing the bubble to keep expanding will eventually lead to a crash, and retail investors will still be the scapegoats.
Renowned economist Peter Schiff has voiced concerns about government efforts to artificially prop up the housing sector, arguing that attempting to prevent a market correction could create more serious economic problems down the line. According to Schiff, allowing natural market forces to work is preferable to prolonging asset bubbles through policy intervention.