Sigh, this paragraph makes no sense at all. Thanks @outline. https://theoutline.com/post/2153/evict-the-rich …pic.twitter.com/LlrDStQNZe
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It doesn't control prices of houses, it probably effectively makes them higher. But it behaves kind of like rent control in effect
It makes mortgages a little cheaper. It also exacerbates systemic risk (vs floating) because it makes holders of MBS short volatility
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