Philip Booth appears on BBC Newsnight
Professor Booth argued that government lending to individuals who have been rejected by the commercial sector is a dangerous policy for two major reasons.
- It is inflating prices that are already high relative to earnings.
- It exposes the taxpayer to risk.
He went on to state that the real solution to the housing crisis is to liberalise housing supply.
Watch the full programme here. Segment begins at 2.26.