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October 30, 2007
Cycle of Moonbattery
In a piece entitled "Cycle of Dependency," Thomas Sowell fingers the culprit behind recent problems such as the mortgage crisis, the California wildfires, and Southwestern water shortages. It is the very entity that promises to rescue us from these same problems: our bloated and ever-expanding government.
The mortgage crisis was caused by people taking out risky loans they couldn't pay back. Lenders were pressured to offer the loans by the Community Reinvestment Act. Borrowers were reduced to taking out these desperate loans by housing prices driven up largely by government restrictions on building, often for the sake of "open space."
"Open space" imposed by the government is the main reason there are miles and miles of unbroken wilderness, so that wildfires are able to gather so much momentum and get out of control. People are willing to live in their path due to an expectation that the government will bail them out when the inevitable inferno comes their way.
The government also bails out farmers, allowing them to raise crops in the desert by subsidizing water, which is why the market isn't allowed to find the natural equilibrium of supply and demand. Given human nature, it's also why artificially inexpensive water is wasted.
But not to worry, the federal government is on the case, busily devising extravagantly expensive solutions to all of these problems it caused.
I once saw a movie where some misguided teenager set his girlfriend's house on fire so that he could be the hero who rescues her family. As I recall, the family burned up. The young Romeo probably went on to get a job with the government.
On a tip from Byron.
Posted by Van Helsing at October 30, 2007 4:39 PM
Comments
Re below, you are a fool. Housing is a classic speculative bubble. The lack of government regs allowed it to happen. (That is, insufficient restrictions on loaning practices.) CRA is a drop in the bucket. Land? There is lots of it, even with good environmental controls, and if you haven't noticed, since the invention of the elevator, we've been building up. Man, you are ignorant.
The mortgage crisis was caused by people taking out risky loans they couldn't pay back. Lenders were pressured to offer the loans by the Community Reinvestment Act. Borrowers were reduced to taking out these desperate loans by housing prices driven up largely by government restrictions on building, often for the sake of "open space."
Posted by: xx at October 30, 2007 7:47 PM
It hast bin pruven dat dee best vay for to make kontry prosper ist Big Government. Dee mor kontrol and intervention, dee greater kontry prosper. Is tru, Soviet Union ist dee prime example of Big Government suckses.
Posted by: Scott at October 30, 2007 7:59 PM
Dr. Sowell is one of the most mis-understood minds in the country (mis-understood at least by Moonbats). His problem is his brilliance -- he's a modern Stoic, a la Marcus Aurelius or William of Ockham: "Plurality should not be posited without necessity."
In other words, KISS: "Keep It Simple, Stupid."
Libs see nuance in everything, even where positing plurality is unnecessary, to paraphrase Mr. Ockham's "razor." Dr. Sowell is so dead-on accurate in virtually anything he thinks or writes, he must terrify the Left all over the world -- we simply cannot have an unqualified, non-morally equivalent answer for any problem; we must look for the nuance in everything.
Pathetic . . .
Posted by: jc14 at October 31, 2007 9:03 AM
