Thomas Sowell discusses how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust.(...)
Thomas Sowell is an American economist, social critic, political commentator and author. He often writes as an advocate of laissez-faire economics. He is currently a senior fellow of the Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. In 2003, he was awarded the Bradley Prize for intellectual achievement.