Tuesday, September 16, 2008

Tony Soprano, Alan Greenspan, and the GSEs

First of all, the disclaimer: "The Sopranos" is fiction.

Yet, the series episode "Watching Too Much Television" (2002) gives valuable economic lessons on what happens when economic incentives are distorted by badly designed public policy.

The video below is a good example of the problems created by GSEs, exactly as explained by Greenspan in this other video.


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