The mortgage crisis: let markets work, but compensate the truly needy

William Emmons

The Regional Economist, 2008, issue Jul, 10-16

Abstract: As painful as it may be, letting the housing and mortgage markets sort out these problems on their own would be best for the economy in the long run. Large-scale government interventions are not necessarily the best policy responses, although those made truly needy by this crisis need to be helped.

Keywords: Mortgages; Financial crises (search for similar items in EconPapers)
Date: 2008
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