Help to Buy is worrying but the real problem is inflexible housing policy

 

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.

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Read the full blog post here

Source: http://www.iea.org.uk/blog/help-to-buy-is-worrying-the-real-problem-is-inflexible-housing-policy-0

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