Dan Morin

An Alternative to the Trillion Dollar Deficit

The government should not interfere with the economy. This is why we got into this mess in the first place. One government intervention leads to unintended consequences from the point of view of the government planners, forcing them to make a decision: repeal the initial intervention, or intervene further until the entire industry falls under the influence of government force. The goal of Freddie Mac and Fannie Mae were to make housing affordable which drove house prices to the roof. Having the government help refinancing will lead to fraud and moral hazards. Besides, the collapse of the housing market is inevitable. It is like fighting gravity.

Why Mortgage Payments Should Be Lower Than Rents

A house is always a liability. It was an asset only during the housing bubble and this era is over and such bubble won't come back in many decades.

The Ten Most Egregious Assumptions of 2008

> In much the way that we look back at the Great Depression with bemusement,

I wish so; however the way the government is spending, we have all the ingredients to have Great Depression II, only worse. We are repeating the same mistakes of the Great Depression, however this time the economic fundamentals are worse. It would be foolish to expect otherwise.