The NY Times is, if nothing else, schizophrenic. It's surely not the last holdout for Liberalism; that myth was spiked by Judy/Judy/Judy. Today's issue is pluperfect. First, Floyd Norris calls for reinflating housing. But, then, we read this story about Germany.
For those who read regularly, you may recall (if you got here at the beginning) I have written about the folly of housing as investment. Housing is capital wasted, if one is a Smith/Rand leaning economist, anyway.
Read both pieces. Note, particularly, the German Man-in-the-Street. And the passing reference to inflation of house prices; yes, the speaker uses the word "inflation" and not "appreciation". Because, housing is just serial consumption, not investment.
It's the Distribution, Stupid
Essays on topics economics: monopolists, oligopolists, and oligarchs aren't better decision-makers for the society just because they's rich and they ain't the gummint.
Infinite granularity yields infinite complexity.
Vaccinated ≠ Not Infectious
$536,800,000 MARF™(party like it's 1829)
-- New York Slammers, so far/2024 [GA and The Feds still to come]
Milton was going on about the money supply, so what I said was everything reminds Milton of the money supply. Everything reminds me of sex, but I try to keep it out of my written work.
-- Robert M. Solow, 1924-2023 [Dr. Hemond noted that he made his fortune in the stock market]
-- New York Slammers, so far/2024 [GA and The Feds still to come]
Milton was going on about the money supply, so what I said was everything reminds Milton of the money supply. Everything reminds me of sex, but I try to keep it out of my written work.
-- Robert M. Solow, 1924-2023 [Dr. Hemond noted that he made his fortune in the stock market]
Covid-19 has killed at least
1,123,836 people (as of 20 March 2023, final update)
Buck {Showalter] has always reminded me of something his father once told him:
"The jobs that are easy don't pay very well."
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Mike Lupica/2023 [and don't qualify them to run anything; sub-GED knuckledraggers take note]
-- Monticello.org [take that, MTG]
-- Marriner Eccles/1951
This week's thought
[The intelligence community] argued that [the restrictive amendment] would cripple the program because they typically use it before there is enough evidence to meet a standard of probable cause for a warrant, like early in investigations when they are trying to learn more about a phone number or an email account found to be in contact with a suspected foreign spy or terrorist. -- Charlie Savage/2024 [IOW, let's catch the thief before the horse is out of the barn - the MARF™(party like it's 1829) traitor's worst nightmare]
About Me
Who I Am
Left wing economist since before it was fashionable
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