What a bunch of brainwashed idiots. There never was a free market in housing or banking. Capital gains subsidies for the housing market in 1997, the Community Reinvestment Act used to push subprime lending, and the Federal Reserve, a government created central bank, distorting incentives by keeping interest rates low created the housing bubble.
What a bunch of brainwashed idiots. There never was a free market in housing or banking. Capital gains subsidies for the housing market in 1997, the Community Reinvestment Act used to push subprime lending, and the Federal Reserve, a government created central bank, distorting incentives by keeping interest rates low created the housing bubble.
LogicalFlawDetector 2 months ago