It was Progressives that thought artificially low mortgage rates were a good thing. It was Progressives who thought zero down payments on mortgages were a good thing. It is Progressives who think that the deficit doesn't matter. It is Progessives who think forced wealth redistribution will lead to prosperity for all. It is Progressives who think a little inflation only helps the economy.
I could go on.
The Law of Supply and Demand is like the Law of Gravity. When statistics contradict the Law, then it is the statistics that are suspect.
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