Aug

14

Free markets enthusiasts should be thankful that the present correction in the housing/mortgage industry will ensure that homeownership in America becomes much more available to the public. How can that possibly be bad? For a the long-term good, we are dealing with a necessary short-term evil. Free markets are the best system to promote growth and stability, even if it means we get penalized here and there. The key for the immediate to medium-term is for the powers that be to keep free markets exactly that: free.


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