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Then as now

By Michael J. Smith on Saturday January 3, 2009 10:29 PM

Never say our rulers aren't consistent. Here's fifty years of social control in a nutshell.

Alan Greenspan, 2007:

“I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk, and that subsidised home ownership initiatives distort market outcomes. But I believed then, as now, that .... Protection of property rights, so critical to a market economy, requires a critical mass of owners to sustain political support.”
William Levitt (of Levittown), circa 1957:
"No man who owns his own house and lot can be a Communist -- he has too much to do."

Comments (2)


I'm beginning to appreciate the finer aspects of the feudal system. A lot less paperwork, for one thing, and very few lawns to mow.

Son of Uncle Sam:

That makes a part of me want to forfeit my mortgage, thanks Mike

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