Marking to market is a good idea, but beware of the unintended consequences of good ideas.
This article makes the same point, and many others (about Fannie and Freddie, about the repeal of Glass-Steagall), very well.
New results on intergenerational progress
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The full paper title is “Has Intergenerational Progress Stalled? Income
Growth Over Five Generations of Americans,” by Kevin Corrinth and Jeff
Lattimore....
29 minutes ago
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