How to Solve the U.S. Housing Problem and Avoid a Recession

Paul Davidson

Jan 8

Written By SCEPA

POLICY NOTE

(132 KB)

The Federal Reserve pumping in more liquidity and the government’s fiscal “stimulus” plan does not directly address the housing insolvency problem for millions of U.S. households.

Instead, the author suggests a comprehensive program to create a major federal facility to refinance mortgages at low rates and extended maturities, and to finance new investment in private sector housing.

Policy Notehousingrecovery

SCEPA

How to Solve the U.S. Housing Problem and Avoid a Recession

Energy Productivity, Labor Productivity, and Global Warming

Shifting Sources and Uses of Profits

SCEPA is part of the Economics Department at The New School for Social Research