Mortgage Markets and Crony Capitalism
America’s residential mortgage market is mostly controlled by government. Ryan McMaken and Alex Pollock talk about how government corporations like Fannie Mae are fueling America’s housing affordability crisis.
America’s residential mortgage market is mostly controlled by government. Ryan McMaken and Alex Pollock talk about how government corporations like Fannie Mae are fueling America’s housing affordability crisis.
Much of the world‘s financial system is undergirded by the false claim that US government bonds are “risk-free.” The truth is that all is not well when it comes to banking and finance.
For more than a century, the Federal Reserve has slowly but surely destroyed this nation‘s once-sound monetary system. As inflation once again undermines our economy, the Fed reacts by making things even worse.
Even if this administration's heart is in the right place, do we really want another multi-billion-to-trillion-dollar fund to handle people’s savings?
The Federal Reserve‘s reckless policies have created havoc in the housing markets, with the government and monetary authorities helping to create the apartment bubble, which is in the process of bursting. As usual, bad policies bring bad people into the markets.
Centrally-coordinated economic planning, especially central banking, has been detrimental to liberty, freedom, and the purchasing power of the US dollar.
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.
What a week! While the Trump administration has several issues for concern—the role of the Fed and tariffs, for example—there are some wins for liberty: Ross Ulbricht released, pardons for J6 offenders, declassified files, the TikTok ban postponed, exiting the Paris Climate accord and WHO.
It‘s obvious that a new influx of money will not immediately bring about changes in enough prices to significantly alter a price index. Even so, there are immediate effects of the new money.