{
    "href": "/post/2010/02/02/barney-frank-doesnt-know-what-to-do/",
    "relId": "2010/02/02/barney-frank-doesnt-know-what-to-do",
    "title": "Barney Frank Doesn't Know What To Do",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        },
        {
            "href": "/tag/government/",
            "relId": "government",
            "title": "Government",
            "author": null,
            "created": null,
            "updated": [],
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    "created": "2010-02-03 02:09:37 UTC",
    "updated": [
        "2010-02-03 02:09:37 UTC"
    ],
    "html": "<blockquote>\n<p>Here\u00e2\u0080\u0099s an idea. Why not let people of who want to borrow money to buy a house convince the people who lend the money that there\u00e2\u0080\u0099s a good chance that the money will get paid back. Creative, no? It\u00e2\u0080\u0099s called voluntary exchange. Or a market. Or normal. Fannie and Freddie were abnormal. We don\u00e2\u0080\u0099t need a \u00e2\u0080\u009cnew system.\u00e2\u0080\u009d The old system didn\u00e2\u0080\u0099t work because you, Barney Frank, and others, tried to steer it. Let\u00e2\u0080\u0099s have NO SYSTEM that you figure out and control and steer. Let\u00e2\u0080\u0099s let the housing market emerge that has the built-in feedback loops of profit and loss.</p>\n</blockquote>\n<p>via <em><a href=\"http://cafehayek.com/2010/02/frank-on-fannie-and-freddie.html\">Frank on Fannie and Freddie</a></em>.</p>\n"
}