“housing does not — to quote a sentence from Bindseil and Schaaf on bitcoin — “increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive.””
my latest for The Daily Economy at AIER,
the portion I liked the most:
https://thedailyeconomy.org/article/what-happens-if-bitcoin-goes-up-forever/
“housing does not — to quote a sentence from Bindseil and Schaaf on bitcoin — “increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive.””
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