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.

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Paul Glastris is Editor in Chief of the Washington Monthly, founder of the magazine’s alternative college rankings, and president of the Washington Monthly Institute. He was previously a speechwriter for President Bill Clinton and a correspondent and editor at U.S. News and World Report. He is a co-founder of the National Vote at Home Institute and co-author of two books, “The Other College Guide: A Roadmap to the Right School for You,” and “Elephant in the Room: Washington in the Bush Years.” He has written for The New York Times, The Washington Post, The New Republic, Slate, and other publications.