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“Bob Higgs says we're not really clogged.

Russ Roberts grudgingly concedes the community reinvestment act did not cause the meltdown. Steve Sailer only claims that kind of crap contributed, not that it was the major factor. Lawrence Auster assigns liberals between 51 and 80 percent of the blame.

From the late 17th century to now we've seen the wealthiest societies in history, operating under that horrible banking system. Perhaps it's inferior to a free-market (that would be my guess) but even now we're not in the Soviet Union (another grand plan based on untried ideas that replaced an admittedly imperfect system and engaged in extensive nationalization).” source...