Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economys long-run performance to restrain government spending rather than raise taxes. – Mark Zandi
The FHAs success provides strong evidence that government can and should play a role in the nations mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. – Mark Zandi
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