> This was only made possible by enormous federal subsidies for returning soldiers and huge investments in public infrastructure by the federal government. ...

> This was only made possible by enormous federal subsidies for returning soldiers and huge investments in public infrastructure by the federal government. ... Today's government subsidies are creating artificial booms of their own. Credit, higher education, housing. The busts, like the one described in this article, should come as a surprise to nobody, but they will. Mixed in with that surprise may be an interest in finding a scapegoat - and a leader willing to deliver it.