Does Georgism Work? Is Land Really A Big Deal?
Astral Codex Ten Podcast
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What Do Banks Do With Their Money?
Banks exist for at least two stated purposes, people a safe place to store their money and to provide capital in the form of loans. Lately, they lend it out to people who want to buy real estate. Land represents a significant percentage of all major bank loans. According to the great mortgaging, housing finance crises and business cycles lincoln post by jordar schulerick and taylor,. This chart shows three snapshots from 19 28, 19 70 and 2 thousand seven of the share of all bank lending that goes to real estate for a selection of major countries around the world. In 28, it's quite low in some countries, and around 50 % in others. That being
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