3min chapter

The Joe Walker Podcast cover image

Housing Bubble Week: Lessons From Amsterdam's 'Gentlemen's Canal' - Piet Eichholtz

The Joe Walker Podcast

CHAPTER

The Differences Between History and Mathematicians

Dean Baker is the economist credited with picking the US housing bubble and great recession. He says historians are better at understanding long-term trends, but mathematicians can be more accurate in predicting short-run events. The Australian housing market is cooling off after a never-ending boom - it's nothing to be worried about, he says. Dean Baker: Once in a generation opportunity to buy the dip.

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