Date: June 3rd, 2005

Markets always clear

3 June, 2005 (14:16) | Primer Posts |

As a certified graduate of the Yogi Berra School of Economics …
 

“You can observe a lot just by watching.”
 
… I’ve learned, through brutal contact with reality, the truth of a maxim, a corollary to the Law of Economic Gravity that continually escapes housing policymakers:
 
Markets always clear
 
In trade parlance, to ‘clear’ means that an account settles […]