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Read the article. "Rognlie points out that almost all of the increase in the value of capital over Piketty’s timeline comes from land"
by elchief 12y ago
Read the article.
"Rognlie points out that almost all of the increase in the value of capital over Piketty’s timeline comes from land"
- encoderer 12y agoLook at the data. Non-land wealth is still huge, and he's arguing the nature of this wealth brings higher depreciation than it once did.