I didn't watch the Dem debate last night, but there was an interesting moment in it. Hillary was talking about her plan to solve the real estate crisis by freezing interest rates and freezing foreclosures. Shockingly, Obama responded by pointing out that price controls will have unintended consequences. That banks would stop lending out if the government interceded like this. How... correct. When was the last time a politician said something like that? Obviously it's not Nobel Prize-winning economics, but it's something.
That being said, I caught a second of Larry Kudlow during which stated that the market rallied today, purely because of this exchange. He's always saying this stuff, but come on.
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