October 2, 2009

Housing Market Subsidies: ‘Sauce for the Gander’?

“Buying Too Many Votes — er, Mortgages?” Dear Jack: Don’t buy a single vote more than necessary. I’ll be damned if I am going to pay for a landslide.” –JFK quoting a made-up telegram from his father, Joseph Kennedy What recalls the above anecdote is Ben Bernanke’s so-far successful efforts to keep mortgage rates low...
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