A Housing Crusade Leads to Disaster

The economist, Thomas Sowell, has one of the finest analytical minds in the nation. He's at his best in this NRO article on the housing meltdown and the "affordable housing" crusade that created it. America seems to do well when decisions flow out of reason and experience. I suspect we'll hear much more from Sowell in the years ahead as we seem to be drifting further from past processes and guidelines that have served us well.