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视野开拓

The advocates of govemet-guaateed motgages also foget that what is beig let is ultimately eal capital, which is limited i supply, ad that they ae helpig idetified B at the expese of some uidetified A. Govemet-guaateed home motgages, especially whe a egligible dow paymet o o dow paymet whateve is equied, ievitably mea moe bad loas tha othewise. They foce the geeal taxpaye to subsidize the bad isks ad to defay the losses. They ecouage people to “buy” houses that they caot eally affod. They ted evetually to big about a ovesupply of houses as compaed with othe thigs. They tempoaily ovestimulate buildig, aise the cost of buildig fo eveybodyicludig the buyes of the homes with the guaateed motgages), ad may mislead th...-《一课经济学》

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