A Better Lure for Cities

Originally published in The Boston Globe

December 13, 2012
Edward Glaeser (Glimp Professor of Economics, Harvard University)

As America faces the fiscal cliff, the impossible becomes conceivable. Finally, we face the possibility of reducing the home mortgage interest deduction. Such a reform is long overdue, because the long-entrenched deduction has serious flaws. Yet eliminating the deduction altogether would create its own problems — disproportionately harming high-cost, high-wage areas like Massachusetts.MORE >(Need Boston Globesubscription)