Progressive nudges for household savings

posted by
March 31, 2011
by Arnold Kling  
Posted in Commentary

"If I were a card-carrying progressive, I would not stoop to being a lapdog for Wall Street and the real estate industry, playing the violin for 'affordable housing' and low-down-payment mortgages. True, if somebody buys a house with little money down, they may accumulate equity both by paying off loan principal and through house price appreciation. But they are still gambling, and most of the people who gambled that way five years ago have lost everything." (03/31/11)  

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