They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. … - Franklin Raines

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Franklin Raines

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

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The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.

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