"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like"
- Martin Feldstein
About the Author
This quote is written / told by Martin Feldstein somewhere between November 25, 1939 and today. He/she was a famous Economist from USA.
The author also have 28 other quotes.
