Things Get Complicated | Feb 13th at 2:49pm
Using Ryan’s description of Shiller’s proposal as a starting place, I’d like to agree with the observations of panelist Raphael Bostic that what we need is less, not more, complexity in mortgage products and related. Rather than offering more and more complex insurance products to insure ourselves against specific additional sources of risk, I’d suggest that simply expanding the broader based safety net, including some form of affordable universal health care, would be a simpler and more sensible way to insure people against a variety adverse economic events for which there aren’t existing insurance markets.
Duncan Black has been running the blog Eschaton since 2002. He has a Ph. D in economics from Brown University, and lives in Philadelphia with his wife and two cats.
