IMO, it is useful to look at Japan's Lost Decade from 1991 to 2001
to see how a housing bubble, its Central Bank and Fiscal policies
stumnned that economy. The question is are we on that track?
https://www.investopedia.com/articles/economics/08/japan-1990s-credit-crunch-liquidity-trap.asp
As a result, Japan now has one of the highest debt to GDP ratios in the world!
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