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A comment on China Busts a $3B Underground Bank. Parent comment
It means that the profit on/from that specific form of economic activity is due to market inefficiencies, not due to the actual added value.
So, if more money chases the same stock of housing, rents and housing prices go up, yet no value was added to the houses.
Similarly, if opening a bank is impossibly hard, banks can be assholes, they can raise monthly fees and so on.
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It means that the profit on/from that specific form of economic activity is due to market inefficiencies, not due to the actual added value.
So, if more money chases the same stock of housing, rents and housing prices go up, yet no value was added to the houses.
Similarly, if opening a bank is impossibly hard, banks can be assholes, they can raise monthly fees and so on.