Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Tuesday, September 27, 2005

Memo To Stefan Karlsson

The increase in the price of a home should be categorized as savings. The rise in prices leads to a rise in home equity and home equity is savings. Therefore, higher prices are a net positive for society and aren't being accounted for in measures of savings! Higher real estate prices: good for everyone!

I'm just kidding.

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