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| User Info | 2022: The Year In Review, And Burning Of Bridges; entered at 2022-12-29 16:14:25 | |||
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Burya_rubenstein Posts: 2819 Registered: 2007-08-08 
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Quote:China did something worse: They printed condos instead of pure money; now, 22%+ sit empty. Why is this worse than printing money? Condos have a utility value; you can live in one. (Though houses, or nuclear power plants, would have been better.) One of my long term desires is 99.99995% across-the-board price DEflation (whilest I hold on to a single dollar). (The important thing about a pile of money is how much stuff it can buy.) 2022-12-29 16:14:25
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