It’s common to hear that the current financial crisis was caused by government meddling, specifically the Community Reinvestment Act. This is a Big Lie.
It’s important to fight these sorts of lies; they cripple our ability to fix the problem and to avoid a repeat in the future. Never mind holding guilty parties responsible, we need to have an accurate model of the way the world works.
Read that article and spread the word. It’s important.
Update: Comments are closed, even though I don’t have a plug-in that would allow me to turn them off without deleting comments already posted. Take the discussion elsewhere, please.