Mainstream 16.10.1929: "Stocks have reached what looks like a permanently high plateau." - Irving Fisher, celebrated neoclassical economist
Austrians 02.1929: "The boom will collapse within a few months." - Friedrich von Hayek, Austrian Institute of Economic Research
Mainstream 20.10.2005: "House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas." - Ben Shalom Bernanke, future FED chairman
Austrians 06.04.2004: "Higher price inflation should not have been a surprise given that the Fed has increased the money supply by 25% during the period 2001–2003. (...) Given the government's encouragement of lax lending practices, home prices could crash, bankruptcies would increase, and financial companies, including the government-sponsored mortgage companies, might require another taxpayer bailout." - Mark Thornton, Mises Institute
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