Capitalists when they have to compete:
"Mr government, pls ban China"
Parsani
joined 2 years ago
Neoclassical economics on hexbear!?
The cost of rents increasing is not something you want to be padding your gdp (nearly 10%). This only benefits the FIRE sector while making production more expensive, necessitates an increase in wages or greater deprivation, and produces more unearned income and rent seeking.
How exactly is the value of the land I sit on going up productive? I don't have to do anything to improve it, I can live in a shack, but because the price of the land increases I am somehow engaged in a productive use of capital? The only winner there is myself and the bank, when I sell the property for 10x and the next owner has a 30 year mortgage to live in the same shack. I guess the state also benefits because the fake dollars in rent I pay each month keeps going up and so to does their gdp. None of that is productive.
I have a text to speech service that reads out random hexbear comments
The only good thing I will say about him. He hated crypto and applauded China for banning it
Imputed Rent
No one I have told about this had ever even heard of the concept.
I read an essay about this recently. I thought it was Michael Roberts or Naked Capitalism, but I can't find it now.
Definitely a bit suspect
Ngl I thought I selected nominal
He has two ballots in his hands. Literal voter fraud.
I do each quiz to get my xibux
https://www.youtube.com/watch?v=N0UUlo7Gz3I
But with Kissinger