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Friday, July 2, 2010

When Will They Ever Learn?

So here’s our lesson for today: If the government temporarily offers an extraordinary tax credit for buying a house, some people who were thinking of buying a home in the future will do so sooner and the market will be goosed. When the tax credit ends, sales will fall back into the doldrums.

Imagine that.

  • 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.