By George Leef
Almost every American knows that we went through a destructive housing bubble. The bubble inflated from about 2002 until 2007, when it burst.
A large percentage of those Americans also know that government policy had something to do with that bubble, although you do encounter some who insist that it was entirely due to capitalistic greed. (Similarly, there used to be people who insisted that the poor harvests in the Soviet Union were due to bad weather and “wreckers.” Many defenders of big government think they must shield it from every criticism lest the masses lose faith in it.)
The housing bubble was an artifact of government policy and so is another bubble that is still inflating – the college bubble. Let me draw the parallels between them. READ MORE HERE