The mortgage fiasco is not a market failure

14 July 2008

Let me say that again. The housing crisis is not somehow a market failure. The “ownership society” has its roots in the disastrous effects of the New Deal. You and I, and all taxpayers, will have to pay for the fallout if Freddie and Fannie are nationalized. We should be angry about this; especially about the idiot Barney Franks of the world that are doing their best to make it worse. To add insult to injury, the Repubs under Bush are now all over the map: a few socialist policies here, a few fascist policies there, et cetera ad infinitum.

http://www.lewrockwell.com/rockwell/fascist-creations-fdr.html

Dude, where’s my country?

[Ed. note: When I first typed “ownership society” it came out “pwnership society”!!  lol… No doubt some kind of weird political Freudian slip!]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: