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False Profits by Dean Baker

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EIGHT

Remember the Housing Bubble!

If a liberal government ever pursued policies that produced the sort of disaster caused by the collapse of the housing bubble, liberal ideas would be banished from public debate for decades. Conservatives still make reference to policies of the 1960s, now more than 40 years old, when they want to rev up their faithful. But even the most wrongheaded program developed by the Johnson administration didn't cause a fraction of the damage wreaked by the housing bubble and its collapse. Yet, most of the bubble perpetrators continue in their careers, almost completely untainted by this incredibly destructive mistake, ...

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