
Does Georgism Work? Is Land Really A Big Deal?
Astral Codex Ten Podcast
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Capital in the 20th Century - A Review
Bank credit is a major driver of increases in housing prices. Real estate is worth whatever the bank will land gainst it. Once you account for this, you find outsized returns to capital driving inequality are due almost entirely to housing. The axesss years from 19 forty eight to two thousand ten see non housing decreasing and housing increasing.
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