Richard K. Green
Richard K. Green's Latest Articles | 90
Disparities in Mortgage Lending
The Center for Responsible Lending’s research team of Carolina Reid (who has been working tirelessly at developing data on subprime mortgages for some time... Read »
Are Teachers Overpaid?
A recent study by John Richwine and Andrew Biggs of the Heritage Foundation and the American Enterprise Institute purports to show that teachers are on average overpaid.... Read »
Austerity is A Problem, But So is Fear
Paul Krugman this morning argues that fear of fear is phony. He is almost certainly correct that fear is not the number one problem at the moment–if I had... Read »
Allowing Underwater Borrowers to Refinance Could Improve Investors’ Sharpe Ratio
Consider borrowers with 6 percent 30-year mortgages that are 20 percent underwater. Assume that the probability that any one borrower will default in any one... Read »
Ten-Year Treasury Below 2 Percent!
If I am reading this graph correctly, we are at a 130 year record: Those bond vigilantes sure are being vengeful. And how about that S&P downgrade? The good... Read »
Two Cents (or maybe a nickel) on Texas
Texas is doing well relative to the country. Its jobs creation rate is second only to North Dakota, a state whose population is smaller than Austin’s. It... Read »
Even in Principle, Figuring Out a Fair Tax System is Hard
How does one set up a system such that everyone pays their fair share of taxes? Let us suppose that a “fair” tax is one where everyone gives up the... Read »
Anti-Stimulus
The Government Component of the National Income and Product Accounts for the past 6 quarters (QI 2010 through Q2 2011): Anyone see a problem here? It’s not... Read »
Are We a 15 Percent or a 19 Percent Society?
Over the long term, federal revenues as a share of GDP have averaged around 18 percent over the past 20 years. Currently, federal revenues as a share of GDP... Read »
Why is Reducing Government Jobs Considered a Free Lunch?
Politicians love to brag about cutting government work forces. This month, while the private sector added 57,000 jobs, government shed 39,000 jobs, for total job... Read »







