In a message dated 12/7/03 12:40:04 PM, [EMAIL PROTECTED] writes:
>Your story does have a certain plausibility. But you'd need to argue that
>the huge increase in IQ that has been documented during this last century
>isn't really an increase in intelligence. And doing that makes it harder
>to ta
In a message dated 12/7/03 4:03:55 PM, [EMAIL PROTECTED] writes:
>So the question is, why at the zero rate was there not greater demand to
>borrow? The answer may well be that the expected future inflation and
>real
>interest rates were highly uncertain, and the transaction costs of getting
>and
--- Tigger <[EMAIL PROTECTED]> wrote:
> I support an alternate way for the gov't to support housebuying:
> 50% tax credit on house payments (interest and principle), with
> some lifetime maximum ($2, 3, 400 000?).
> Tom
This tax-credit subsidy will add to demand and further increase the price
of h
The inflation in real estate prices is a big problem, and is likely to be
bigg.
I support an alternate way for the gov't to support housebuying:
50% tax credit on house payments (interest and principle), with
some lifetime maximum ($2, 3, 400 000?). The churning of mortgage
loans in order to keep
--- John Morrow <[EMAIL PROTECTED]> wrote:
> By the way, there have been times and places where the measured real
> interest rate was essentially zero; I think this happened in Japan in
> the 1990s.
So the question is, why at the zero rate was there not greater demand to
borrow? The answer may we
On 12/1/2003 Wei Dai wrote:
> I argue that (a) can be an equilibrium. We are rather smart in some areas,
> but the mechanisms in us that allow that are not up to the task of faking
> being dumb in other areas - we are actually dumb in those other
areas. This
> is/was an equilibrium because people
In a message dated 12/7/03 1:02:09 AM, [EMAIL PROTECTED] writes:
>I recall a Japanese econ grad student telling me that in fact real interest
>rates were negative for some span and people were STILL saving in the late
>nineties in Japan. He also blamed several bubbles at the time (notably,
>real
