Fannie Mae and Freddie Mac Take on the Free Market

fannie mae office
Michael Hoffman | United States

The privatization of Fannie Mae and Freddie Mac seems to be on the U.S. Treasury and Trump administration’s agenda, and with everyone predicting that a recession is on the horizon, it’s starting to feel like 2008 again.

From the Austrian perspective, allowing the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to revert back to quasi-market-based institutions is optimal because it will open up competition and more realistic price discovery in terms of home financing and real estate prices (though not as much as we’d like to see).

With over 50 proposals to overhaul the real estate market, including a “smaller” role in the housing market for the Federal Housing Administration (FHA), the plan seeks to aid those who want to see housing become more affordable. Sounds good right? Not so fast. As the proverbial saying goes, be sure to read the fine print, since no one will be more affected by these potential political and economic changes than prospective American homeowners.

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Social Media Sites Don’t Have a Monopoly on Free Speech

Atilla Sulker | @AtillaSulker

Individuals from all corners of the political spectrum have been rilled up by the recent bannings of various figures from social media platforms including Alex Jones and Louis Farrakhan. Some have praised these bans for providing good restrictions on what they deem “fake news” or “hate speech”. Others have attacked these bans for being influenced by nefarious motives that are contra free speech. The debate regarding the extent to which social media sites may regulate speech has been going on for years now. Perhaps it is time for a reassessment.

Read moreSocial Media Sites Don’t Have a Monopoly on Free Speech