2025
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Policy Brief
Rewarding Failure: How Rohit Chopra’s Legacy at the CFPB is Crumbling
A so-called “consumer protection” agency became a case study in regulatory excess and misplaced praise.
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Letter to the Editor
Why Do 30-Year Mortgages Exist Anymore?
Two words: government subsidies.
Originally published inThe Wall Street Journal
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Op-Ed
The first of its kind? A tribally owned professional sports team
Jeff Tucker is right about one thing: New Mexico needs to think big. His recent call for a billion-dollar NBA arena in Albuquerque is exactly the kind of visionary thinking our state has lacked for decades.…
Originally published inAlbuquerque Journal
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Policy Brief
The Real Cost of Homeownership: Beyond the Mortgage and APR
This guest commentary was written by Ed Harris, CEO of Harris Northwest Advisors and a Visiting Contributor at the Southwest Public Policy Institute. In his argument about APR, Patrick Brenner is wrong but inadvertently correct on…
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Policy Brief
Compounding Interest: The Case Against the Confused Case Against the Case Against 30-Year Mortgages
In his letter responding to my column in The Wall Street Journal, “The Case Against 30-Year Mortgages,” former Freddie Mac executive David Andrukonis defends the 30-year fixed-rate mortgage as a transparent, borrower-friendly product. In “A Confused…
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Policy Brief
Compounding Interest: Reader Replies, Part IV
When you publish in The Wall Street Journal, you have to expect a few readers to come out swinging. Some disagree on principle; others on tone. And then there are those who lecture you like you…
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Policy Brief
Compounding Interest: Reader Replies, Part III
The responses to my article for The Wall Street Journal “The Case Against 30-Year Mortgages” keep coming… They’re thoughtful, challenging, and occasionally humbling. What started as a critique of an outdated lending standard has evolved into…
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Policy Brief
Compounding Interest: Reader Replies, Part II
When The Wall Street Journal published my op-ed, “The Case Against 30-Year Mortgages,” I expected disagreement. What I didn’t expect was the flood of thoughtful, funny, and occasionally fiery responses from readers across the country. Read…
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Policy Brief
Compounding Interest: Reader Replies, Part I
After my recent op-ed in The Wall Street Journal, “The Case Against 30-Year Mortgages,” readers had plenty to say. Some were critical, most were kind, and many brilliantly insightful. Below is a selection of responses, shared…
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Op-Ed
The Case Against 30-Year Mortgages
Subsidized debt drives up prices, sucks up wealth, and makes it hard for millennials to buy homes.
Originally published inThe Wall Street Journal