Housing Bubble… Are home prices in America unsustainably high, as Ben Wallace-Wells has argued? And if so, does the Fed risk bursting the bubble with interest rate hikes? Bruce Bartlett, for one, is worried, though his column offers sufficient countervailing evidence to forestall, perhaps, immediate panic.

Paul Glastris

Paul Glastris is the editor in chief of the Washington Monthly. A former speechwriter for President Bill Clinton, he is writing a book on America’s involvement in the Greek War of Independence.