Letters to the Editor
This letter is associated with the following article:
-
Mortgage rate freeze
HRC's proposed mortgage rate freeze isn't just "politically unrealistic"; it's also economically unrealistic. The Economist these proposed rate freezes to the price controls Nixon tried in the 1970s. There's no reason to think they'd work any better now than they did then.
I hope this is just political pandering on HRC's part. As policy, it's terrible. Frankly, even as politicking, it's a bad idea: the Republican congresspeople would vehemently oppose it, as would sensible Democrats--meaning that it would create a fissure in the party when we need unity and sensible policy more than ever.