Here is another book that lays blame properly with gov't (albeit not solely) as the culprit in the recent housing bubble. For another excellent treatise on this subject, please see Thomas Sowell's book, "Housing Boom and Bust" (yes, I read it). Moreover, this book lays blame on politics (i.e., government) as being the cause of general instability in our financial sector (of which the housing bust was just another episode). Keep this in mind when the looters invoke Washington to 'do more' about the greed of our nations bankers.
http://blogs.wsj.com/economics/2013/04/09/why-canada-can-avoid-banking-crises-and-u-s-cant/
No comments:
Post a Comment