isn't the simple solution here simply to impose a a strong consumption tax on any individuals 2nd+ residential purchase, and all residential purchases by businesses?
Trump will soon declare a housing "emergency," which will likely involve lower lending standards on taxpayer guaranteed Freddie and Fannie debt, plus a new Fed program to buy those low-quality mortgages.
The real problem is home prices are too high and Americans are too broke to buy them. The market solution is to let housing prices fall. Trump's socialist solution is to prevent that outcome by unleashing massive inflation so Americans can use cheap government credit to buy overpriced homes.
So basically Trump now has majority control over the Fed board, he waits for Powell to resign, puts in his own guy, they cut rates back to zero, money printer goes brrrr, assets pump, we lose reserve status, but at least we have big Zimbabwe amounts of money? Is that accurate?
True: @zohranmamdani lives in 1 unit of rent-stabilized housing.
Also true: @andrewcuomo presided over the loss of 96,064 units of rent-stab housing. And killed NY’s program helping people move out of shelter.
Moral clarity: Andrew, time to move out.
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https://t.co/33UPnRoiqz
I get folks are excited for the Stablecoin GENIUS bill, but I have a major problem with the fact that issuers cannot provide yields to holders. Anti-capitalistic and clearly serves the interests of banks who are preventing their disintermediation.
This bill is still net beneficial to the industry and retail, but this is the kind of garbage that crypto was supposed to move away from.
@Dune@absinthenetwork love this, now it would be amazing if the format button handled a lot of these for you. especially leading commas and using as for joined tables