False foreclosures and the free market

posted by
December 22, 2010
Campaign For Liberty
by William Anderson  
Posted in Commentary

"One thing heard ad nauseum is that the housing bubble was the result of free markets. To the critics the financial markets ran over the cliff because that is what naturally happens when markets are free. For that matter, when government fails to regulate producers, they overproduce, which every good Keynesian knows is why we have recessions." (12/22/10)



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