The Bubble Isn’t All Bush’s Fault

I just don’t get the argument that the credit bubble is the fault of George Bush, or free market ideology. People toss around the words “more regulation” as if that’s the obvious cure. Sure, if we restricted the number of people who got mortgages, I assume the bubble would have been averted. But who would have been the first person barred from getting a mortgage? The message I’m getting from this crisis is not that government should do more, but it’s really how little the government can do.

Posted by on September 16th, 2008 at 10:08 am


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