Government-subsidized borrowing gave us the housing bubble, precipitated financial Armageddon, helped prompt recession and mass unemployment. But, as the infomercials say, that's not all! By zealously pushing home-ownership, federal housing policy has pinned to the map many now-jobless Americans who otherwise would have moved to find new work.
(Hat tip: Instapundit.)
This article available online at:
http://www.theatlantic.com/daily-dish/archive/2009/02/what-was-so-wrong-with-renting-people/205935/
