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I thought you were going to end it with something else ... the two sons got massive reverse mortgages on their land. Commodity prices collapsed after the bounti
by iqster 15y ago
I thought you were going to end it with something else ... the two sons got massive reverse mortgages on their land. Commodity prices collapsed after the bountiful harvest and the bank ended up foreclosing.
- wisty 15y agoEither way, it works. The point is, real productivity can increase in a bubble. And it slumps when the bubble ends, because this productivity was caused by people working harder for phantom rewards. When those non-existent carrots disappear, people tend to lose motivation.