Tuesday, April 06, 2010 Fox Business
The Next Crash
politicians’ delusion that they can control the economy does more harm than good. Home prices that by now might have found a sound floor -- a foundation for growth -- instead float on a sea of subsidies.
This is one of the reasons that “The worst is not behind us”, Tim Cavanaugh says in the April edition (what is it with magazines and their pub dates? March just began...) of Reason. His article on “Lies about the Economy” points out that millions of foreclosed properties are just now coming on the market. “No matter how hard the government pretends it can control economic outcomes...” the bubble will continue to deflate.
by Brian Sullivan
March 24, 2010
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