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Archive for January 7th, 2013

Lessons Not Learned – Housing, Education, and Hubris

Monday, January 7th, 2013

What is amazing to me is that despite the colossal failure of federal housing policy – whether we are talking about the Boom and Bust, or Urban Renewal, or Freddie Mac and Fannie Mae – our political class has learned nothing from any of these disasters. And all of these disasters share a common theme – hubris: The propensity of politicians to believe they can determine better outcomes than the forces of the free market.