Key Role of UN in Global Financial Architecture (Joseph Stiglitz)
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I wonder why there are so few comments ( 1 so far..) in such great thinking...
cajetachurros 2 years ago
Ron Paul 2002:
"by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. "
Sorry Joe, austrian economics is RIGHT.
jaar2001 2 years ago