courtkel

courtkel

1p

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14 years ago @ KeithHennessey.com - Should taxpayers subsi... · 0 replies · +1 points

The paradigm shift needed to address the address the issues you raise requires recognition that as Nowak has shown in his work on networks, punishment is not always the optimal strategy. But beyond moving the paradigm that conservatives are loath to do your consistency arguments are weak. Homeowners receive a mortgage interest deduction, yet renters do not receive an interest rate deduction on their rent payments. Why should taxpayers subsidy one group and not the other? There are many other examples. Policies that "forgive" principal may be rigorously shown to be an optimal response just as creating the ownership society was capable of being modeled as the best outcome. Pimco and Amherst Securities are not hotbeds of radical thought, but both have leaders who agree that principal reduction is the only way out of this mess.