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Federal government Quote by Peter Schiff

“Former Federal Reserve chairman Alan Greenspan has actually argued that the federal government should buy and destroy surplus houses as a solution to the housing crisis. According to Greenspan, the problem is that prices are too low. If we reduced the supply of houses, prices would rise. While…” quote by Peter Schiff
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““Former Federal Reserve chairman Alan Greenspan has actually argued that the federal government should buy and destroy surplus houses as a solution to the housing crisis. According to Greenspan, the problem is that prices are too low. If we reduced the supply of houses, prices would rise. While Greenspan is correct, the destruction of our housing stock so that the remaining homes will be more valuable is the ultimate in economic folly.””

Peter Schiff

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