Excessive optimism sows the seeds of its own reversal.
All taxes are a drag on economic growth. It's only a question of degree.
If I've made myself clear, I've misspoken.
The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
When trust is lost, a nation's ability to transact business is palpably undermined.
I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.