First, years after I first heard Dean Baker raise the idea, a major bank has introduced an “own-to-rent” program that would enable homeowners at risk of default on their mortgages to keep living in their homes. From the WSJ: Bank of America Corp. is launching a pilot program that will allow homeowners at risk of foreclosure… Read more
If you were wondering why the President can’t do anything much to affect short-term gas prices, look at this figure, from an excellent piece on the subject in the NYT. When wonks like me pushback against the political panderers who claim they can magically lower gas prices, we point out that oil is priced on… Read more
A few things caught my eyes this AM: Keep The Feds Out of Our Economy (um…Never Mind): This one reminded me of a point I often make in talks these days. It’s a good e.g. of how a global trend—climate change—is leading to a situation—rising sea levels—that YOYO economics can’t solve. The problem here is… Read more
I’m not trying to be partisan here, but there really is nothing the President can do about gas prices in the near term. There’s actually not all that much he or she could do in the long term. If he or she was the president of Saudi Arabia, then yes, there might be more levers… Read more
Not quite on the cover, but check it out.