Taxpayer backing for the GSEs ensures the misallocation of credit

Subsidized credit is the process of taking credit from worthy borrowers and providing it to unworthy borrowers.

I always find it interesting when writings from many years ago resonate through the ages as if they were written yesterday, like the writings of Frédéric Bastiat, a 19th century F… – Taxpayer backing for the GSEs ensures the misallocation of credit

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s