Quote Originally Posted by carl View Post
Yes it does. I figure the private individual is wiser at spending his money than a gov bureaucrat is at spending somebody else's. So it is best to let the private individual keep most of it.
Private investment allowed the housing bubble to expand beyond the simple, minimal losses of bad mortgages into the subprime crisis. Private investment is currently allowing housing prices to bubble again even as median wage nosedives. Private investment is a great engine, but a terrible steering wheel.