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Bastiat emphasized that much of what goes on in the economy involves things we don’t see directly. Intermediaries often fall into Bastiat’s category of...
President Trump has proposed a 50-year mortgage for new homebuyers, ostensibly to make housing more affordable. Actually, this financial instrument will make housing more...
Total mortgage debt will increase as actual ownership in equity will go down. If homeownership does increase, it will be “ownership” of the sort...