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Polly Cleveland's avatar

Thanks, David.

But nothing in the Nobel history about the huge debt-financed real estate bubbles behind the crash in 1929 and 2008. Let's hope someday others than Mason Gaffney and Richard Vague will recognize that reality.

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Mary Fricker's avatar

David, thank you for the clear explanation of why Bernanke, Diamond and Dybvig got the Nobel. -Mary

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