Sowell: Washington Meddling Created Conditions For Housing Crash, Not The Banks

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Thomas Sowell: Washington's Meddling Wrecking Economy

Tuesday, 25 Oct 2011 05:56 PM
By Jim Meyers and Ashley Martella
Economist and author Thomas Sowell tells Newsmax that banks and businesses are sitting on piles of cash because they’re concerned about “what new bright idea” Washington might come up with to “mess up” their investments.

Sowell, a senior fellow on public policy at the Hoover Institution at Stanford University, says he would like to see a constitutional amendment barring politicians from intervening in the economy “under any circumstances.”

Sowell is also a syndicated columnist and winner of the National Humanities Award. His latest book, “The Thomas Sowell Reader,” is a compilation of his writings on various issues over the past three decades.

In an exclusive interview with Newsmax.TV, Sowell was asked who is to blame for the dire state of the American economy.
Read More at Newsmax

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