Global Feed Post Login
Replying to Avatar Marty Bent

A hill I will die on:

Fiat has corrupted markets to such a degree that everything must be looked at as a financial investment, housing being the worst example.

Real estate is a consumable good that provides utility; shelter. And it should be priced accordingly. You can certainly add premium value for aesthetics + location, but it shouldn't be treated as a savings account.

Real estate developing a monetary premium because governments and central banks print it out of thin air has completely distorted the real estate markets.

People should be able to simply save money and not have to invest to outpace inflation, but invest when they believe they have asymmetric information that will provide returns.

Bitcoin fixes this.

Avatar
Minister of Finance 2mo ago 💬 2

No it's not, you should have to beat inflation or things remain $1 for a hundred years. That's just one thing, this thought is ridiculous

Reply to this note

Please Login to reply.

Discussion

Avatar
wymike 2mo ago

Is it an issue if things remain $1 for a hundred years?

Thread collapsed
Avatar
Neal 2mo ago

Found the FED

Thread collapsed