Housing Bubble

New York Times columnist Paul Krugman went after Minnesota conservative blog Powerline for criticizing Krugman’s 2005 column warning of a housing bubble that was about to burst.
Powerline’s John Hinderaker wrote at the time: “[T]here is little reason to fear a catastrophic collapse in home prices. Krugman will have to come up with something much better, [...]

There once was a time when a flower cost the equivalent of seven years’ salary. 

In this case the flower was a tulip, which was introduced to Europe in the 16th century. Now, tulips are lovely, and if you had never seen them, I’m sure you would have been excited. You’d probably even overpay slightly to [...]