2 ms·
> In a sense we can print land--that just means building vertically. Building a 10 story building is essentially adding 9 layers of land. That's a bit of a st
by pengaru 5y ago
> In a sense we can print land--that just means building vertically. Building a 10 story building is essentially adding 9 layers of land.
That's a bit of a stretch, no?
The cost of the Fed printing money is effectively zero, there are substantial costs associated with building and maintaining such structures.