Housing - The brilliant Thomas Sowell slams the government for creating the housing bust

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The brilliant Thomas Sowell slams the government for creating the housing bust

Monday, May 18, 2009
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From Newsmax:

Respected economist Dr. Thomas Sowell, author of the new book "The Housing Boom and Bust," tells Newsmax that the current housing crisis can be blamed on pressure from government officials seeking to remedy a "problem that didn't exist."

Dr. Sowell also said politicians' stated concern about that so-called problem - a lack of affordable housing - is "a farce."

Newsmax.TV's Kathleen Walter asked Sowell what caused the "house of cards" in the housing market to collapse...

Read full article...

More on the housing boondoggle:

Boondoggle reaches epic proportions... Fed cannot account for $9 TRILLION

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The only honest man in Washington is still kicking...

Topics:		Housing \| Real Estate \| Boondoggle

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