Skip to comments.THOMAS SOWELL WARNED ABOUT THE HOUSING BUST IN 2005
Posted on 10/13/2009 5:30:53 PM PDT by TheFreedomPoster
Common sense, down-to-earth economist, Thomas Sowell, is a master of taking complicated economic principles and making them clear and understandable. Sowell has authored dozens of books, including his most recent, "The Housing Boom and Bust". Many praise Thomas Sowell's ability to deliver economics to main street America. What Sowell hasn't received enough credit for is his prophetic warning about the housing bust. On May 26, 2005, when virtually no economist, including the wizards at the Federal Reserve and the Treasury Department, were warning of a housing bubble, Sowell wrote predictive op-ed in the Wall Street Journal:
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