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Thursday, August 19, 2010

Now This Is News

From the Wall Street Journal (subscription site):

Barney Frank has been all over the airwaves this week with a clear and—we never thought we’d say this—perfectly sound message about Fannie Mae and Freddie Mac: “They should be abolished.”

Considering that Frank has been one of the principal backers and beneficiaries of the so-called government-sponsored enterprises, this is indeed good news.

Doesn’t Frank also join Ron Paul in calling for an audit of the Fed? What’s going on?

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.