tag:blogger.com,1999:blog-1110014885778996459.post5543833524028188234..comments2024-03-29T04:50:03.060-07:00Comments on Idiosyncratic Whisk: Housing: Part 202 - FHA insurance rateKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1110014885778996459.post-21929259696620020632017-01-20T20:46:31.272-07:002017-01-20T20:46:31.272-07:00The mortgage insurance reversal seems a little pee...The mortgage insurance reversal seems a little peevish, but hardly a major policy change. <br /><br />So far, Trump has said little about housing, and even less about property zoning, and one could posit, "Well, zoning is a local issue." <br /><br />What I find interesting about Trump is he is turning his back on decades of establishment orthodoxy that labor markets should be loosened by policy.<br /><br />Open borders, and offshoring factories for example. <br /><br />Trump has not yet discussed monetary policy, or the fact the Fed explicitly targets a goal of keeping unemployed one out of every 20 Americans who want work. <br /><br />Sadly, we have a generation of orthodox macroeconomists who frame monetary policy in the "employment vs inflation" argument, and never mention property zoning. <br /><br />It will be interesting to see if Trump can bring about tighter labor markets, or will be foiled by the Fed and monetary offset, or if Trump is all hot air, and the borders will remain open both for trade and labor. <br /><br />Maybe Trump will read you book and devise federal plans to loosen up property zoning to hold down inflation, and not labor markets. <br /><br />Well, we can hope...<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com