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Note that I said "properly regulated and harnessed". The creation of bubbles is a temptation for both speculators and governments. Specifically, derivatives an
by noduerme 3y ago
Note that I said "properly regulated and harnessed". The creation of bubbles is a temptation for both speculators and governments.
Specifically, derivatives and futures based on real estate should be treated by governments as toxic / illegal speculation. In fact, banning bad money from bubble-making practices amplifies the incentive for small landlords to improve and build living space on property.
- eric-hu 3y agoYup. Your comment seemed to present advantages of speculation without saying it’s a pure good. The comment I replied to seemed more pure market.