Re:Money Creation in the Modern Economy
by imtringued on Sunday January 15, 2023 @04:48AM
(#34388172)
The problem with land is that you can't produce it. Producers arbitrage the interest rate and the profit rate of manufacturing until the difference is almost zero. But you can't produce land so the cost of land goes up instead.
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Re:Money Creation in the Modern Economy
by andromeduck on Sunday January 15, 2023 @03:41PM
(#34393123)
Multi story buildings and land improvements in general is essentially producing land or at least multiplying what you can get out of it.