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Just days before a law protecting renters and tenants was set to expire, New York lawmakers reached a deal to strengthen those protections. The new law keeps more housing units in the rent regulatory system, adding inventory for the poor and middle classes. And it makes the change permanent so that the legislature neve again has to take up the issue. Why is housing so expensive across the country? And why is it central to the entire U.S. economy? Dr. Jack Rasmus, a professor of economics at
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Saint Mary's College of California and author of “Central Bankers at the End of Their Ropes: Monetary Policy and the Coming Depression,” whose work is at www.jackrasmus.com, joins John.
about 1 year ago
#economy, #housing, #law, #newyork, #regulation
