![]() ![]() The political class gave cheap mortgages in the pandemic era now those have been taken away. Bomag: So, the Lord giveth, and the Lord taketh away.By giving Americans a powerful incentive not to move, mortgage lock-in contributes to a handful of modern-day macroeconomic problems, including anemic productivity growth and neo-feudal levels of income inequality.” I’m not so sure. They are evincing a declining willingness to move neighborhoods, cities, or states in order to find work that better matches their skills. Americans are staying in their homes longer. Bomag: ”Mortgage lock-in… exacerbates declining levels of geographic mobility.There are fifty States and therefore fifty opportunities for experimentation: a. In the real world, the number-one thing that States could do to improve the lives of their citizens would be to control ingress according to social but not economic factors such as age, sex, race, religion, brains, feminine sex appeal, and so on. Jim: Everyone likes to pretend that unrestricted population flows are such a grand idea, but no one ever deigns to explain what makes unrestricted population flows such a grand idea.Jim: *that it was somehow an intolerable “burden on interstate commerce” for a man to be forbidden by California criminal law to bring his wife’s indigent brother to California notwithstanding that he did so without pay and on his own dime, and that, therefore.It is all improperly evaluating and pricing for risk, but it will be fun to read. Fredrick: LOL would love to see the author of this piece explain the ECB’s zero bound, and at one point negative, interest rates on business bonds. ![]() Nothing changed and that’s how we’ve come under shadow gendarme rule, except they don’t rule. Which is why until the 20th century Intelligence was kept in Militaries, putting them in suits and assigning under the Civil Service *simply created new armies*. One implication being that if you are collecting intelligence against someone or conducting any intelligence at all: They become THE ENEMY. Begin there and consider the implications. VXXC: Intelligence is a function and arm of war.
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