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Martin Feldstein's Op-ed in the WSJ, April 4, 2009, suggesting an alternative solution to the U.S. housing mortgage crisis during the 2008 global financial crisis
04/04/2009
The alternative solution would have been fairer to homeowners and reduced the wave of foreclosures that hit the U.S. in 2009-2013. The result was a double blow to the economy from foreclosures and higher unemployment, increasing inequality, and reversing decades of gains in strengthening the social fabric of America. Feldstein was Chairman of the Council of Economic Advisors under President Reagan and is a professor at Harvard.
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