As Fannie & Freddie Wind Down, Thoughts from 1946

March 14, 2014 pwm1

The whole argument for (the government) entering the lending business is that it will make loans to people who could not get them from private lenders.  This is only another way of saying that the government lenders will take risks with other people’s money (the taxpayers’) that private lenders will not take with their own money.

Hazlitt_Henry

 

 

 

 

 

–Henry Hazlitt, 1946, “Economics in One Lesson”


Previous Article
Don’t Let the Negative Nancies Bring You Down
Don’t Let the Negative Nancies Bring You Down

Most folks are as happy as they make up their mind to be.    ...

Next Article
Be Careful Who You Hang Around
Be Careful Who You Hang Around

The key is to keep company only with people who uplift you, whose presence...

Wealth. Success. Happiness. Join...

Penn All Access