Mud-Hut Housing Bubble

By Cindy Ivanac-Lillig

A former Fed colleague, Tim Schilling, put up a great blog regarding a recent WSJ article on a very unique housing bubble. I agree with Tim that this piece could be used in educational setting very effectively to teach core economic concepts. I also think it could be used in professional settings to introduce the concept of bubbles and global price dynamics.

The article was accompanied by a short video from WSJ that is a very engaging way to kick-off the conversation; check it out here.