Poor and housing and the financial causes

January 19, 2011

ve made this point again and again, the poor did not cause the crisis. But since the myth that government support of housing for the poor caused the crisis validates the preconceptions of those who believe government is the problem — the government’s use of their hard-earned money to support the ‘unworthy’ poor in particular — it’s a falsehood that just won’t go away:

Did the Poor Cause the Crisis?, by Simon Johnson, Commentary, Project Syndicate: The United States continues to be riven by heated debate about the causes of the 2007-2009 financial crisis. Is government to blame for what went wrong, and, if so, in what sense?

Good to get as clear a view as possible about this ’cause”.

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