"I will tell him how he got it wrong, he assumed that free market principles would apply."
He assumed wrong - if you honestly think that governments will not at least attempt to prevent a crash then it just shows you how deluded you are. We all want free markets, but no sane person wants the market to crash as it just does too much damage to the overall economy.
I do agree though that FHB grants and paid maternity leave schemes are bad policies. So much money was wasted by Rudd with his stimulus packages that were really short term waste rather than true nation building stimulus programs.
