Before digressing to flog his Case-Shiller housing index, Yale economist Robert Shiller makes some fair points in the following video interview with Bloomberg. Among other things, the Fed conference in Jackson Hole the last few days has had a timely topic — housing and real estate — but it has been over-focused on what went wrong, and not enough on what to do next.
What! Say it ain’t so: Economists beating each other up about who is most right about things that don’t matter? Never.