In response to the U.S. government gearing up to go to war in Iraq again, in spite of the disastrous failure of the last war, Justin Raimondo recently tweeted: “American foreign policy is a recurring nightmare.” The same, unfortunately, can be said for American economic policy as well. The Obama administration seems intent on making a recurring nightmare out of the Inception-style, artificially-induced “American Dream” of widespread government-supported home ownership. The Department of Housing and Urban Development (HUD) announced in a press release earlier this month that “Preserving the Dream” was this year’s theme for “National Homeownership Month.” The press release is replete with … Continue reading Another Housing Bust Ahead?
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