Annals of The Clueless Economist: James A. Wilcox
James A. Wilcox, an economist, is a professor of business in the Haas School of Business at the University of California, Berkeley. Here's the headline for his Op-Ed in Izvestia:
A Way to Make People Buy Homes Again
Hey, I've got an idea!
Why not mandate that people buy homes, just like ObamaCare mandates they buy health insurance? Seriously, what's the difference?
Oh, and while we're at it, it apparently never occurred to Herr Doktor Wilcox that people just might think twice about buying a house, even if they thought they could afford it, because the housing market is rigged by looters and thieves!
NOTE If Wilcox really wants to restore the housing market, he should write an editorial advocating the criminal prosecution of banksters CEOs for accounting control fraud. Of course, he's an economist, so na ga happen.