Monday, March 23, 2009

Points of View - The Market, Housing

A good way to start off the week...

Now Is No Time to Give Up on Markets - An Interview with Nobel Economist Gary Becker - By Mary Anastasia O'Grady - The Wall Street Journal - "'What can we do that would be beneficial? [One thing] is lower corporate taxes and businesses taxes and maybe taxes in general. Particularly, you want to lower the tax on capital so you raise the after-tax return to investing and get more investing going on.'" "When you get a larger government, when you have the government taking over Social Security, government taking over health care and with further proposals now for the government to take over more activities, more entitlements, the rational response is to have less responsibility. You don't have to worry about things and plan on your own as much."

Downpayment Insurance Could Stabilize Home Prices - By Peter Niculescu and Beth A. Wilkinson - The Wall Street Journal - "Much of the government's housing policy to date has focused on helping struggling homeowners stay in their homes and resolving the problems caused by declining asset values. Both are important. But unless policies encourage people to buy houses and work off the current inventory backlog, house prices will continue to tumble."

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