Restaurant bailout: Fed should invest in gift cards

Restaurant bailout: Fed should invest in gift cards

The Federal Reserve should stop buying mortgages and put their cash into restaurant gift cards.
The housing market has gotten enough help from the nation’s central bank — perhaps too much considering the bubblish-pricing we’ve seen. The Fed has used every tool it has to keep mortgage rates at historic lows, well below where they should be. That aid includes buying over $1 trillion in…

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