The Not-So-Invisible Hand of the Editor

It’s not a joke if it needs an explanation. Take a guess what the NYT’s editor probably added in this column by Paul Krugman:

So here’s the bottom line: yes, northern Virginia, there is a housing bubble. (Northern Virginia, not Virginia as a whole. Only the Washington suburbs are in the Zoned Zone.)

Krugman makes a good point that we really have two housing markets. The “Zoned Zone” of America which is greatly overpriced, and “Flatland,” which is still reasonably priced.

Posted by on January 3rd, 2006 at 12:00 pm


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