HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

How Housing Policy and Public Pensions are Bankrupting America

Views:876
@ReasonVids

"The day that facts start winning in Washington is the day I don't have to do my job," says Reason Foundation's director of economic research Anthony Randazzo. Randazzo and policy analyst Adam Summers spoke at a panel at FreedomFest 2011 called "Shooting Elephants: Government Pensions & Fannie Mae & Freddie Mac."

At the heart of the current economic crisis is a housing meltdown that Randazzo says was underwritten by misguided government policies designed to increase home ownership rates. When you look at the data, he argues, there's little reason to believe that owning makes more sense than renting from a variety of perspectives. Yet the government's push to create an "ownership society" ended up first inflating an unsustainable market.

Summers focuses on the role that public pensions play in state and local budget shortfalls. Routinely based on "wishful thinking rather than what is reasonably foreseeable," Summers says public-sector wages and benefits need to brought into line with the private sector and that states such as Utah are providing a workable model of reform.

Shot by Jim Epstein and Zach Weissmueller and edited by Joshua Swain.

About 44 minutes long.

Go to http://reason.tv for downloadable versions and subscribe to Reason.tv's YouTube Channel to receive automatic notifications when new material goes live.

reason.tv
,
reason.com
,
reason.org
,
reason foundation
,
reason magazine
,
anthony randazzo
,
adam summers
,
housing policy
,
fannie mae
,
freddie mac
,
public pensions
    Thumbnail for Freedom Friend Founder Talks Pop Culture and Women at FreedomFest 20115:14
    Freedom Friend Founder Talks Pop Culture and Women at FreedomFest 2011
    ReasonVids
    957 views
    Thumbnail for Remy: What are the Chances? (An IRS Love Song) | ReasonTV2:14
    Remy: What are the Chances? (An IRS Love Song) | ReasonTV
    invidious
    359 views
    Thumbnail for Generation Z: Too Weak for The Draft | Live From The Lair24:51
    Generation Z: Too Weak for The Draft | Live From The Lair
    Terrence Popp
    845 views
    Thumbnail for How Washington Learned to Love Video Games5:34
    How Washington Learned to Love Video Games
    ReasonVids
    1047 views
    Thumbnail for how could you possibly love white people so much?0:55
    how could you possibly love white people so much?
    bestofupgoat
    566 views
    Thumbnail for A Mystery in Which Everyone is Guilty - Johan Norberg on "Financial Fiasco"9:40
    A Mystery in Which Everyone is Guilty - Johan Norberg on "Financial Fiasco"
    ReasonVids
    886 views
    Thumbnail for You have 2 cows3:46
    You have 2 cows
    AOUisgay
    1396 views
    Thumbnail for What DeSantis Did to Disney’s Dream City19:17
    What DeSantis Did to Disney’s Dream City
    ReasonVids
    1123 views
    Thumbnail for The Social Media Mob vs. the Novel6:50
    The Social Media Mob vs. the Novel
    ReasonVids
    988 views
    Thumbnail for Adolf Hitler "the most precious possession [...] are it's people"1:03
    Adolf Hitler "the most precious possession [...] are it's people"
    NachtWaffen
    1988 views
    Thumbnail for The Cast of Atlas Shrugged Part II Talks Film's Impact2:51
    The Cast of Atlas Shrugged Part II Talks Film's Impact
    ReasonVids
    850 views
    Thumbnail for Governments deploy psy-ops on citizens, 'sovereignty obsolete' 11:51
    Governments deploy psy-ops on citizens, 'sovereignty obsolete'
    AOUisgay
    578 views
    Thumbnail for Vampires, Puppies, and Sharknado 2: The Cannes Film Festival's Movie Market2:37
    Vampires, Puppies, and Sharknado 2: The Cannes Film Festival's Movie Market
    ReasonVids
    905 views
    Thumbnail for Live Webathon Edition of the Reason Podcast! Ask Us Anything1:31:47
    Live Webathon Edition of the Reason Podcast! Ask Us Anything
    ReasonVids
    833 views
    Thumbnail for What Happened to the Antiwar Movement?7:10
    What Happened to the Antiwar Movement?
    ReasonVids
    917 views
    Thumbnail for The Real Breaking Bad: How the Drug War Creates Collateral Damage6:48
    The Real Breaking Bad: How the Drug War Creates Collateral Damage
    ReasonVids
    1039 views
    Thumbnail for Black man calls out the Jew3:10
    Black man calls out the Jew
    AOUisgay
    3109 views
    Thumbnail for Soloing Secrets - Billy Gibbons | Late Night Lessons18:29
    Soloing Secrets - Billy Gibbons | Late Night Lessons
    invidious
    432 views
    Thumbnail for Kennedy EMAILS May Soon Drop in MASSIVE LEAK | Who Is Behind It? Here's What Sources Tell Me! | Overlord DVD12:38
    Kennedy EMAILS May Soon Drop in MASSIVE LEAK | Who Is Behind It? Here's What Sources Tell Me! | Overlord DVD
    invidious
    355 views
    Thumbnail for California Says These Firefighters Can’t Work—and the Reason Makes No Sense29:19
    California Says These Firefighters Can’t Work—and the Reason Makes No Sense
    IJvids
    981 views
    Thumbnail for 30 Ways to Say DNC1:01
    30 Ways to Say DNC
    ReasonVids
    908 views
    Thumbnail for Rep. Tom McClintock on the Contradictions of Green Policy9:06
    Rep. Tom McClintock on the Contradictions of Green Policy
    ReasonVids
    923 views
    Thumbnail for Cory Doctorow on Cyber Warfare, Lawbreaking, and His New Novel 'Walkaway'40:37
    Cory Doctorow on Cyber Warfare, Lawbreaking, and His New Novel 'Walkaway'
    ReasonVids
    1015 views
    Thumbnail for What about roads?2:46
    What about roads?
    ReasonVids
    931 views
    Thumbnail for Doctor Reacts To Tiktoker With Black Bones! | Dr Karan0:37
    Doctor Reacts To Tiktoker With Black Bones! | Dr Karan
    invidious
    289 views

points

Permalink
Reply
reason.tv
,
reason.com
,
reason.org
,
reason foundation
,
reason magazine
,
anthony randazzo
,
adam summers
,
housing policy
,
fannie mae
,
freddie mac
,
public pensions
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle