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The Debt Overhang

Irwin M. Stelzer

Low interest rates allow politicians to put a low cost tag on their favorite projects, which they always dub investments, never expenses....

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Why Mortgage Subsidies Are Actually Bad for Homeowners

Brendan Brown

From a fundamental economic perspective mortgage subsidies are a bad idea. It is a popular delusion that these subsidies benefit new homeowners....

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Why Real Estate Is Not Immune to Inflation Threat

Brendan Brown

Many households are right to ask whether their main asset will insulate them from this shock whenever it occurs...

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