A direct quote from Rognlie's article: "Land does not depreciate; all its income is net." This is the worst kind of internet debate: a group of people who hav

A direct quote from Rognlie's article: "Land does not depreciate; all its income is net." This is the worst kind of internet debate: a group of people who haven't read Piketty's book arguing with a group of people who haven't read an article which claims to find problems with it.