Jared Bernstein

But, you know, I think a generous child tax credit that was targeted, by the way, which also helps keep the price down.

I don't think we need to give it to, you know, millionaires and billionaires.

So I write basically in three different places.

Stanford Institute for Economic Policy Research, CIPR.

You can see my work up there.

The Center for American Progress.

We recently put a housing report on housing affordability.

You can find that up there.

It's called Build Baby Build.

But then almost, you know, every couple of days I write something on my sub stack, which is called Jared's sub stack.

And it's easy to find.

So that's where you can read my stuff.

I think that's behind both of us, my friend.

Good to catch up, Jared.

Appreciate it.

Take care.

Yeah, and there's tremendous amount of investments going into all the past bubbles we've had starting in the 1600s with the tulip bubble.

Right.

So one of the characteristics of a bubble is that the level of the investment becomes –

detached, lastingly or persistently detached from the amount of return or profit that that asset, be it housing or internet, could plausibly generate.