Getting the Scams of the 1 Percent Straight

Catherine Rampell has a piece in the NYT Magazine about how the 1 percent made out like bandits in the wake of the collapse of the housing bubble (wrongly described as the financial crisis). Several of the claims or implications of the piece are not quite right. For example, the piece claims:

"Rents have risen at twice the pace of the overall cost-of-living index, partly because middle-class families can’t get the credit they need to buy."

This is not true. There has been little difference in...