You cannot solve any of the issues with affordability by further tampering with borrowing costs. All that does is increase price because borrowing costs below the rate of monetary inflation anywhere on the curve results in asset price bubbles -- which then causes the price for using those assets to rise -- which is the exact opposite of what you want to happen.
Arresting employers, landlords, Real Estate agents and sellers who transact with illegal immigrants will force them all out of the country immediately because they will be unable to obtain a place to stay or work. They will leave by the millions each and every month until they are effectively all gone.
There are too many to simply deport them one at a time; you have to take a set of actions that makes it uneconomic for them to stay and imprisoning those who make it possible for them to stay will do exactly that because none of those people will go to jail so Jose has a place to crash or a roof to nail on.
For those who say "Americans won't do that work" the proof out of Omaha is that they will; the meat plant got raided and the next day they had 100 American applicants for the 70 jobs. Yes, they had to pay a competitive wage ($18/hr) but they did indeed fill the jobs so the claim is a lie.
Further ejecting all of them will lead to an immediate and dramatic decrease in cost for food and insurance, especially car insurance because a large part of that today is due to the forced payment by the company when an illegal who has neither insurance or money drives illegally and hits someone or something......
.....you can't do it one arrest at a time nor can you solve the cost-of-living problem without tackling the two biggest areas neither of which is a financing issue -- it is a cost issue.
Those issues are housing and health care.
Those two are close to 40% of all spend (~17% for housing, 20% for health care) and health care is inflated by a factor of five due to all the felonious conduct -- specifically, price fixing and monopolization of all sorts up and down the line. Now add in the demand spike from illegal immigrants in housing and you have the capacity to take one fourth out of everyone's cost of living immediately.
Yes, rents will crash and so will house prices. Why is this bad? If you're not overlevered yes you get less for your house if you move but your new one costs less too. If you do not have one then you can buy it where today you can't. When it comes to health care slashing the cost by 80% not only stops all the medical bankruptcies immediately it also makes possible family formation at a reasonable cost once again.
It is a lie that if you do this with medical care huge numbers of people will die. However, the 20% of people currently employed in that field, particularly those who do not provide actual care to actual persons, will find themselves having to do something productive rather than find ways to take your money and give it to someone else -- like a pharma company.
And finally removing the ~20 million (or more) illegal aliens from the United States will crash core costs including food, energy and transportation while at the same time boosting wages because you are also reducing the supply of labor.
While factors such as population growth, recently expanded food assistance benefits and the popularity of high-protein diets are contributing to slightly higher demand, overall consumption has not dramatically spiked.
"We're producing roughly the same amount of beef that we did in 2015 but, given a higher population, supply is tight," Savage said.
Throw out the 20 million non-Americans who have no right to be in the US and are bidding up the price of groceries simply by their presence and food prices will come down.
But you have eject them all, not a few token ones or a few thousand. All of them must go and must go now.
We have choices folks -- but they're not the common nostrums.
And by the way, we don't have three years to do it either -- we have one year and then the midterms come, as things stand now the GOP will lose both House and Senate, and with that will be the end of the GOP's capacity to do anything as the Democrats will immediately impeach Trump once again and refuse to pass anything he wants.
We are rapidly approaching the point -- and will cross it within the next few months -- where the 1920/21 playbook, yank the rug out from the people who are overlevered, let it blow up and let creative destruction in the markets resolve it -- will run out of time on incipient recovery before the elections come.
Voters have to see the start of improvement before that time and unless we do it now they will not.
