CATO Institute HUD Scandals |
Thursday, 06 May 2010 |
CATO Institute: Downsizing The Federal Government - Department of Housing and Urban Development
The Department of Housing and Urban Development engages in a range of housing and community activities that used to be the responsibility of local governments and the private sector. Its public housing subsidies, rental aid, and housing finance activities have proven to be damaging to the economy. The department's poor management and misguided policies have also led to numerous scandals..."[The Department of] Housing and Urban Development has done an enormous amount of harm. My god, if you think of the way in which they have destroyed parts of cities under the rubric of eliminating slums . . . there have been many more dwelling units torn down in the name of public housing than have been built." - Milton Friedman, Interview, Hoover Institution, February 10, 1999. Read CATO Institute HUD Scandals, Who Is Guarding The HUD Guards? Read more...
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