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Credit Card Rate Caps Will Lead To a Shortage of Credit Cards
Originally published by Real Clear Markets. Affordability has become the defining economic issue of the moment. Headline inflation hovers around 3 percent year-over-year, yet prices for essential categories such as housing and rent continue to rise faster than wages. Mortgage costs for homeowners have surpassed $2,000, and rents have climbed to nearly $1,500. Home prices remain far above pre-pandemic levels, up 80 percent…
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New Mexico knows Trump’s BLM nominee. Back away.
Originally published by The Washington Post. Former New Mexico Republican chairman Steve Pearce is the opposite of what the complex agency needs. There was a time when Republicans prided themselves on being the party that can actually run things. In the West, this was reflected in sound GOP stewardship of public lands that blended enterprise…
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The Case Against 30-Year Mortgages
Originally published by The Wall Street Journal. Subsidized debt drives up prices, sucks up wealth, and makes it hard for millennials to buy homes. I usually roll my eyes at millennials’ complaints about how much harder they have it than their parents. But when it comes to homeownership, they have a point. Millennials reached the…