The Housing Boom and Bust

The Housing Boom and Bust

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The financial tsunami has been followed by a political flood of rhetoric, accompanied by finger-pointing in all directions. Who was really responsible? What set this off?Two facts are clear from the outset: (1) the stock market crash in October 1929 marked a major downturn in the economy as a whole and a rise in unemployment; and (2) during all the previous history of the United States, when the federalanbsp;...

Title:The Housing Boom and Bust
Author: Thomas Sowell
Publisher:Basic Books - 2009-05-12

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