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A comment on Why Rent Is So High and Pay So Low. Parent comment

Re:Why Rent Is So High and Pay So Low by ArkyBeagle on Friday August 07, 2015 @06:39PM (#10025438)
The Fed never touched the pedal. See also "Interest on reserves".

Land rents ( which are not the same as "rack rent", what you pay the landlord, but can be related by land prices going up speculatively ) drive out wage rises.

Scott Sumner says we should have Nominal GDP Targeting; if Real GDP is < say, 4%, the rest is made up with inflation.

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Re:Why Rent Is So High and Pay So Low by bhickey on Friday August 07, 2015 @07:22PM (#10025588)
> Land rents drive (...) out wage rises.

Should we address rent seeking with land taxes and other Georgist policies?

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Re:Why Rent Is So High and Pay So Low by ArkyBeagle on Friday August 07, 2015 @08:57PM (#10025900)
Probably. It would mean a painful period of adjustment. And the rentiers will fight with everything they have.
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