@willsymes How do French lenders hedge the risks of making long-term fixed interest loans that can be refinanced at will? Only way to make that viable in USA is by way of giant subsidized backstop of GSEs.
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…