Dearth of Investment opportunities
Variable interest rates
Consumer good inflation
Too high a proportion of income going to lower income groups
Too much investment
Too much production
Too high a proportion of income going to upper income groups
They are smaller in the aggregate than business financing.
They do not create a boom-bust cycle.
They will evaporate when consumers go bankrupt.
They increase consumer spending and therefore economic growth.
It is derivative, not causal.
Consumption is only one part of GDP.
Business confidence is the actual cause.
He does not believe in psychology.
The housing crisis was caused by the Democrats.
Overproduction is caused by the construction industry.
It confuses a business fluctuation with the business cycle.
Housing is an investment good, not a consumer good.