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Sunday, June 30, 2024 11:59:09 AM
Is it the role of GOV in a capitalist system to intervene ? this is capital searching for good or best use ?
I have no answer to the concern - even when I share it - . University of Chicago economists would argue this will ONLY continue until TOO MANY houses are bought for rent out and rents go down and vacancies appear and the practice comes to an end as it becomes UNWISE use of capital. That will occur as markets go to excess and correct. Should the GOV be socialist - authoritarian and intervene sooner is a GREAT question !!!!!!! (I caution - what happens when some one finds another problem - you do not agree - but the GOV intervenes in the free market)
this could be the famous slippery slope
Now - as a capitalist who is left leaning --- maybe some REGULATION that slows it down ? Makes it more expensive? and then maybe tax subsidies for homes that get bought by those who live in it --- would be wise right now
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