Be careful what you wish for

posted by
January 11, 2012
Cafe Hayek
by Russ Roberts  
Posted in Commentary

"There are 100 action items in the report. Any one of them might be an OK bit of public policy. Together, they helped create the housing boom and the housing bust. Yes, as I have written many times, they needed the money of Wall Street (and maybe the Fed) to really make a really big mess. But this document will give you an idea of why Wall Street’s money (and the Fed’s) flowed to this sector rather than elsewhere." (01/10/12)  

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