{"id":495,"date":"2008-10-21T13:23:00","date_gmt":"2008-10-21T18:23:00","guid":{"rendered":"https:\/\/www.realty.com\/blog\/uncategorized\/governments-stubborn-ignorance-affect-on-housing"},"modified":"2008-10-21T13:23:00","modified_gmt":"2008-10-21T18:23:00","slug":"governments-stubborn-ignorance-affect-on-housing","status":"publish","type":"post","link":"https:\/\/www.realty.com\/blog\/housing-news\/governments-stubborn-ignorance-affect-on-housing\/","title":{"rendered":"Government&#039;s &quot;Stubborn Ignorance&quot; Affect on Housing"},"content":{"rendered":"<p>George Mason University&#8217;s economist, Walt Williams, states in his recent publication <em>Stubborn Ignorance<\/em>&#8230;<\/p>\n<blockquote><p>The credit crunch and foreclosure problems are failures of government policy. In fact, what we see now is a market correction to foolhardy government policy. Congress&#8217; move to bailout lenders and borrowers who made poor decisions will simply create incentives for people to make unwise decisions in the future. English philosopher Herbert Spencer said, &#8220;The ultimate result of shielding men from the effects of folly is to fill the world with fools.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>George Mason University&#8217;s economist, Walt Williams, states in his recent publication Stubborn Ignorance&#8230; The credit crunch and foreclosure problems are failures of government policy. In fact, what we see now is a market correction to foolhardy government policy. Congress&#8217; move to bailout lenders and borrowers who made poor decisions will simply create incentives for people &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,23],"tags":[],"class_list":["post-495","post","type-post","status-publish","format-standard","hentry","category-housing-news","category-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts\/495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/comments?post=495"}],"version-history":[{"count":0,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts\/495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/media?parent=495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/categories?post=495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/tags?post=495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}