Cafe Hayek — where orders emerge
"The government bipartisan push to increase home ownership created the rise in housing prices that created the opportunity for Wall St to use it as a vehicle for leverage.
When Obama relentlessly mentions “the policies that got us into this mess,” I don’t think it’s what he has in mind. But we all should remember it, along with Hayek’s warning:
“The curious task of economics is to demonstrate to men how little they understand about what they imagine they can design.” "
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