How Fed policy contributed to the housing boom and bust
Millions of Americans who were at risk of losing their healthcare coverage will stay insured.On Thursday, in a 6 to 3 ruling, the Supreme Court said that nationwide subsidies called for in the Affordable Care Act were legal, giving the healthcare legislation a new lifeline. It was all hung up on one very small phrase in the legislation that says subsidies can only apply to participants enrolled through “an exchange established by the State.” Boom Bust’s Ameera David weighs in.
Then, Edward Harrison sits down with David Beckworth – associate professor of economics at Western Kentucky University and adjunct scholar at The Cato Institute. David gives us a detailed look into how the Fed’s interest rate policy contributed to the US housing and mortgage boom and bust.
After the break, Bianca Facchinei takes a look at a new issue plaguing the US housing market: inequality. We've come a long way since 2008, with upper- and middle-class homes rising in price. But not much has improved for the working classes.
Afterwards, Ameera is joined by Erin Ade to talk about how Google shut down Disconnect – an app designed to help users maximize privacy – and how they responded by filing a complaint with European antitrust regulators.
And in The Big Deal, Ameera and Edward continue the discussion on the US economy. The US economy is not firing on all cylinders but it is doing better than it was in the first quarter. Recession is not an issue.
Check us out on Facebook:
Follow us @