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Re: Hi there friends

Posted by sigismund on March 16, 2018, at 19:19:20

In reply to Re: Hi there friends, posted by baseball55 on March 15, 2018, at 18:03:03

> I'm a professor

I knew you taught, and I assumed economics.

My son and I have tried reading Varoufakis and now Mark Blyth together, with only modest success. My niece was studying economics in Sydney and had Varoufakis as a lecturer. He booted them off the trendy stuff and made them go back to the beginning.

Recently my son bought a house in Wellington, NZ, and I assumed the enormous price was a consequence of asset price inflation from QE and therefore a tax on the bailout. It is interesting how things can disappear. I recall a graph of house prices where the adjusted value did not change much between the high of the 1920s until the late 50s. We assume what is happening now is permanent.




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