Re:The U.S. government’s failed 1890s attempt to forge unity...
by imtringued on Friday June 11, 2021 @06:33PM
(#27479317)
Yes, increasing land prices are stupid. The idea that people are investing into land is absurd.
This is actually an example of deflation hurting the poor. It's not deflation of the USD. It's deflation of land as people start hoarding land and reduce the available supply. If we could "print" more land this wouldn't be a problem.
It's like those game item NFTs. ETH goes up by 4x. Items get more expensive by 4x. It's just stupid.
This is actually an example of deflation hurting the poor. It's not deflation of the USD. It's deflation of land as people start hoarding land and reduce the available supply. If we could "print" more land this wouldn't be a problem.
It's like those game item NFTs. ETH goes up by 4x. Items get more expensive by 4x. It's just stupid.