Vance is just another shill. Fuck him and his horse. He doesn't know shit about economics.
https://www.nationalreview.com/corner/j-d-vances-explanation-for-housing-costs-is-nonsense/
Discussion
I think You’re full of nonsense
Vance's explanation was more political than accurate. There are things to pick apart in the article, but overall, I found it more accurate... And that's saying something from the publication. It's usually the establishment line.
Real Wage growth ended in 2000. Since then we've been flooded with cheap credit to disguise that fact.
If you flood the market with liquidity in the form of credit for the same amount of goods, you get rising costs of goods. It really is that simple. More people with more money bidding for the object, leads to higher sales price.
Put even simpler. If we're in an auction and you gave everyone in the room an extra $1k...
Guess what happens to sold prices of auctioned items across the board 🤷♂️
I was worried, but honestly it’s not as incomprehensibly stupid as most politicians’ explanations. At least being upset at Wall Street and the banks over the GFC is in the right direction. But as far as explanations of housing prices go, I give this a 3/10
Yep, the only real reasons of housing costs increases are inflation and regulations that prevents to build new houses.
Opt out . Mono-party won’t save us
Didn’t like my ad blocking so archived it
To me all that matters is that he owns Bitcoin. I truly believe that the economy will balance itself once bitcoinization takes hold.
I don't know why it's so hard for them to say that all prices are up because the govt can't stop printing money.
Exactly! Because they think we are dumb.
I dunno. Maybe they're dumb. I think Trump is supporting crypto/bitcoin because he sees the courts having power over his fiat, and he's mad about it. Thanks to Steve Bannon, he sees crypto as a way to bilk people.
because the sad truth is nobody will believe them. they will call them a co piracy theorist and crazy person like Ron and Rand Paul.