Homines libenter quod volunt credunt
Posted in Economics Problems on Mar 11th, 2009
Harvard economics Professor Greg Mankiw thinks that Mr. Obama’s growth forecasts are overly optimistic and that the federal deficit will be a lot larger than Mr. Obama thinks. He was chastised by Princeton’s Paul Krugman, a Nobel Prize winner in economics, who on his New York Times blog claims that Mankiw can only make the […]
Posted in You Can't Have it Both Ways on Mar 11th, 2009
From a 1999 New York Times Article: Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. … ”Fannie Mae has expanded home ownership […]
