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My personal belief is that the most unethical thing is the banks driving up asset prices with freely printed money. With sound money workers wouldn't have to wo
by xiphias2 8y ago
My personal belief is that the most unethical thing is the banks driving up asset prices with freely printed money. With sound money workers wouldn't have to work so much to be able to afford rent.
- Dylan16807 8y agoHuh? For most people the delay from paycheck to rent payment is weeks to months, and the inflation suffered on that money is less than one percent. How would locking the amount of money affect that in any notable way? And a housing bubble can still happen in a deflationary economy. Money can still move from the workers to the rich. The effective price goes up even if the dollar amount doesn't.
- wonnage 8y agoInflation was not the point, cheap loans = cheap mortgages = expensive houses.
- Dylan16807 8y agoYou don't need to print money to have cheap loans. And isn't a very large amount of the pressure behind property prices people trying to invest?