A Voice in the Wilderness In Defense of "Mere Conservatism"

Housing Boom and Bust

People continue to ask me, some two years since the economic downturn in this country began, "How did this happen?"  But it's not just the friends and readers of rjmoeller.com who wonder aloud about the events surrounding the housing collapse and stock market drop.  On national radio shows, cable-news television, and high-traffic websites one comes across similar queries on a daily basis.

If you really want to get a fuller picture of what all went on in 2008 (and the years leading up to it), you need to read Housing Boom and Bust by Dr. Thomas Sowell.  For now, and to help clarify a few of the more pertinent facts of the case, check out Dr. Sowell discussing that book and this issue last year with Stanford University's Peter Robinson.