Milton Friedman once observed that, “with some notable exceptions, businessmen favour free enterprise in general, but are opposed to it when it comes to themselves.”
With this in mind, if a market intervention is criticised even within the industries that could benefit from it, it is probably safe to conclude that it is a really bad idea. Help to Buy, the scheme of government-backed mortgage guarantees and interest free loans first announced by George Osborne in this year’s Budget, falls into this category.
Read the full blog post hereSource: http://www.iea.org.uk/blog/help-to-buy-is-worrying-the-real-problem-is-inflexible-housing-policy-0
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