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So... yeah, you're ignoring supply and demand. We haven't tied the value of money to the value of land. Land has value. If you want it, you have to pay for it.
by jtbayly 5y ago
So... yeah, you're ignoring supply and demand.
We haven't tied the value of money to the value of land. Land has value. If you want it, you have to pay for it. (Unless you are advocating for the government to seize all property.)
If the value of money goes down (which is what you said to let happen), then the cost of land goes up. On what basis do you claim that hard assets will decrease in value as cash decreases in value? Can you name some examples where this has happened?
Edit: I don't think you can, because the definition of inflation means that the costs of things are going up.