What a wonderful quote from the New York Times article on the boom-bust cycle in Nevada.
Robert A. Fielden, an architect and urban planner in Henderson, said the state has been particularly hurt by real estate speculators who flipped property for profit and then just walked. Reflecting the despair that can be heard in the voices of even Nevada’s biggest boosters, he said:
“We have never faced anything like this before – What we are living with now is, we let the free market reign without any controls at all. We talk about the United States being built on capitalism. But this wasn’t capitalism. This was greed.”