The wild swings in the housing market in the late 1980s and early 1990s drove the wider economy into boom-and-bust.

ECONOMIST: Equity markets: That sinking feeling | The

The European Central Bank and the Czech National Bank have what Poland refers to as ultralow rates, near zero, which aren't appropriate for the Polish economy because they would create boom-and-bust cycles and investment bubbles, Mr. Belka said earlier.

WSJ: Poland Hints at End to Rate Cuts

Better, surely, to plough on with trying to rebalance the economy away from its dependence on a boom-bust consumer-spending cycle and towards investment and exports (however long and arduous that economic reconstruction may turn out to be).

BBC: Should the Treasury take housing risk?