Tuesday, May 19, 2009

Government intervention in housing: An unhappy history

Doug Ross takes a look at previous federal intervention in the the housing market, and finds that government involvement guarantees failure.

Here's the surprise: His history lesson doesn't begin with Lyndon B. Johnson--Ross turns back the clock to the days Herbert Hoover--while he was Secretary of Commerce in 1922.

Related posts:

Midwestern Presidential Pathway: Herbert Hoover Library and Museum

Midwestern Presidential Pathway: Herbert Hoover Birthplace

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