In response to:

Magic Numbers in Politics

A.J.18 Wrote: Oct 14, 2009 8:29 AM
...sowell is right...affirmative action in lending is what got this ball rolling as far back as the late '70s under jimma carter's community reinvestment act...

...it actually goes further than affirmative action as low-income households in general were targeted for "affordable housing"...

Back in the days of the Soviet Union, two Russian economists who had never lived in a country with a free market economy understood something about market economies that many others who have lived in such economies all their lives have never understood. Nikolai Shmelev and Vladimir Popov said: "Everything is interconnected in the world of prices, so that the smallest change in one element is passed along the chain to millions of others."

What does that mean? It means that a huge increase in the demand for ice cream can mean higher prices for catchers' mitts, among other things....

Friday, June 01 | 02:35 AM ET
Friday, June 01 | 02:35 AM ET
Friday, June 01 | 02:35 AM ET
Friday, June 01 | 02:35 AM ET