Its actually investments. Sure those investments are generally tracked by a computer but the computer isnt the important bit
This report coincidentally starts in the middle of covid when wealthy people lost about half their wealth because of stock declines.
They actually lost a lot of wealth at the start of the pandemic, which coincidentally is where this report starts... cant imagine why they would cherypick their dates.
We think that markets are by far the best way of organising most human affairs that involve scarce resources, because they align people’s incentives in ways that communicate where resources can be be used most efficiently, and give people reasons to come up with new ways of using existing resources.
A system is justified if it is the one that best allows people to live the lives that they want to live, or makes them happiest or more satisfied than any other.
Food produced here would be very expensive. Seems almost the exact wrong thing to do if you want to feed poor people.
In almost every city in the US, supply of housing is purposefully limited by voters.
It can also be changed by voters if they wanted to. Its our choice.
In almost every city the supply is limited by the voters.
Why would we want some of the most productive land in the city to be used on farming that can be done somewhere else on land that isn't even close to as productive?
Why would we want some of the most productive land in the city to be used on farming that can be done somewhere else on land that isn't even close to as productive?
We need to have way more empty housing than homeless. We can literally build as much housing as we choose. The current high price is literally what our society has decided the price is based on limiting supply.
Yes, this is literally what the free market is good at.
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