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Why Govt Is The Problem

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Thomas Sowell

well thought and coherently delivered.

Completely agree with this.

How long before it becomes widely accepted public knowledge?

['Congressman Frank's' reversal of his position, stupidity, and lies, could have come straight out of Gordon Brown's mouth.]

Edited by Dan1

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Thomas Sowell

well thought and coherently delivered.

The staggering fact is that so many politicians thought that low rates, easy mortgages and lax lending was creating 'affordable housing' !! We all know that subsidies and lax lending policy has created unaffordable housing and a boom bust cycle far worse than any natural business cycle need be. Much better if we had all saved for a sensible deposit, bought at a sensible price and income multiple and slept well knowing a boom/crash would be very unlikely.

Edited by plummet expert

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Completely agree with this.

How long before it becomes widely accepted public knowledge?

['Congressman Frank's' reversal of his position, stupidity, and lies, could have come straight out of Gordon Brown's mouth.]

Barney Frank is more responsible for the eventual outcome than Frank Raines, Hank Paulson, George Bush, Maggie Thatcher, Ron Reagan, Wee Gordie and the CEOs in the last three decades of Bank of America, Countrywide, Merril Lynch, Lehman Brothers, Citibank, Freddie Mac, Fannie Mae and Bear Stearns and all of their friends put together.

The lame stream media and their friends will not admit this until they are forced to.

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Unfortunately, this peels away only one layer of the onion of lies.

The 'default situation' (without the subsidies for house-buyers, lax lending etc) was also a large political problem. You can't paint your society as one of f liberty and economic independence if the place many people live is under someone else's control - it just doesn't fit

Edited by Stars

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Unfortunately, this peels away only one layer of the onion of lies.

The 'default situation' (without the subsidies for house-buyers, lax lending etc) was also a large political problem. You can't paint your society as one of f liberty and economic independence if the place many people live is under someone else's control - it just doesn't fit

Exactly. Same goes for the currency, which was a large part of why the US fought the war of independence. Unfortunately that independence was lost with the creation of the FED in the dead of night in 1913.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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