Japan-omics About To Hit UK And Aus?
May 2nd 2003, 9:48 am
#1
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Japan-omics About To Hit UK And Aus?
Land Markets and Business Cycles in the United Kingdom and Australia
"It is ironic that the monetary system of the market economy should be especially dependent for security on an asset which is particularly volatile in price, and which lacks both a functional and a moral justification for its very existence. The asset is private equity in land. The intimate association between credit creation and land prices may go a long way towards explaining the erratic, cyclical performance of market economies."
"It is ironic that the monetary system of the market economy should be especially dependent for security on an asset which is particularly volatile in price, and which lacks both a functional and a moral justification for its very existence. The asset is private equity in land. The intimate association between credit creation and land prices may go a long way towards explaining the erratic, cyclical performance of market economies."
May 2nd 2003, 6:20 pm
#2
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That report is dated March 2000!!
Mike.
Mike.
May 3rd 2003, 1:19 am
#3
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Re: Japan-omics About To Hit UK And Aus?
Originally posted by Megalania
Land Markets and Business Cycles in the United Kingdom and Australia
"It is ironic that the monetary system of the market economy should be especially dependent for security on an asset which is particularly volatile in price, and which lacks both a functional and a moral justification for its very existence. The asset is private equity in land. The intimate association between credit creation and land prices may go a long way towards explaining the erratic, cyclical performance of market economies."
Land Markets and Business Cycles in the United Kingdom and Australia
"It is ironic that the monetary system of the market economy should be especially dependent for security on an asset which is particularly volatile in price, and which lacks both a functional and a moral justification for its very existence. The asset is private equity in land. The intimate association between credit creation and land prices may go a long way towards explaining the erratic, cyclical performance of market economies."
and your point.........is???
