
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.
Mark Zandi
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The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
- Mark Zandi -
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Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
- Mark Zandi -