Grand Theft Society (Ludwig von Mises Institute)
A core problem with government is that its managers believe that all reality will conform to their wishes if they issue the right orders, pass the right laws, and put the right people in charge. Reality resists this simple-minded approach; witness the debacle of the war on terror.
Heedless greed - The Columbus Dispatch
WASHINGTON — The black-tie party at Washington’s swank Mayflower Hotel seemed a fitting celebration of the biggest American housing boom since the 1950s: filet mignon and lobster, a champagne room and hundreds of mortgage brokers, real estate agents …
Fix Congress’s Housing Fix - US News and World Report
The once-in-a-century housing boom of the first half-dozen years of this decade has now turned into a bust. Home prices are down between 15 and 20 percent from their peak in 2006. Many experts predict as much as an additional 15 percent decline …