Peter Schiff On Mortgage Rates

Peter Schiff has a great article on how artificially suppressing mortgage rates is not the solution for re-inflating the housing market.

"If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market's solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion."

Source: Peter Schiff