The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to skyrocket artificially. And they've brought it on by the Community Reinvestment Act, which presumes that politicians are better able to tell investors where to put their money than the investors themselves are. When you put all that together, you get something like what you have.
Thomas SowellHow much more of an injustice is it that people who work get more money than people who don't work?
Thomas SowellIt is amazing how many people act as if the right to free speech includes the right to be free of criticism for what you say - which means that other people should not have the same right to free speech that they claim for themselves.
Thomas SowellThe first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
Thomas Sowell