Lawrence Lindsey has an excellent op-ed on it in today’s Wall Street Journal. Read it here.
The taxpayers will now have to cover prodigious waste in the bloated housing industry because years ago Washington got involved in something where it had no logical or constitutional business. The drafters of the Constitution knew what they were doing when they assigned the federal government a very limited role, which not only does not include housing, but also education, energy, labor, product design and safety, and many other things.
It would be fascinating to see an alternate United States where the limits on government power in the Constitution had been followed. It would be far wealthier and technologically advanced than our actual US. I would hazard a guess that the comparison between that alternate US and our actual one would be on the magnitude of the difference between the actual US and Mexico.
