Libertarian News Network

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Economist: Blame government for housing bubble

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The Economist magazine argues that in rush to find people to blame for the recession, one important villain is being overlooked — government. The magazine says government subsidies were an important factor in the housing bubble. “Governments’ obsession about home ownership has contributed as much to the meltdown as any moustache-twirling financier,” it argues.

I spotted this via a Reason Hit and Run post by Michael Moynihan.

Written by jacksontom

April 25, 2009 at 9:47 pm

Posted in Opinion

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