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Jim Eisenbraun's avatar

This. This is certainly a part of what's wrong with our economy and therefore our society. Thanks, John.

For me, crypto is another step removed from reality, and I'm amazed that some financial experts now say that ordinary people should hold 25% of their investments in crypto. So far as I can see, crypto provides nothing to our society in terms of real production.

And I think REITs should be regulated, too. In some cities, 20–25% of the housing is tied up in REITs, which contributes to our housing crisis, which end up being rentals that are generally not maintained the way that a home-owner would.

But regulation is one of the dirtiest words in the political vocabulary. Discouraging.

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Dr. Joanne Swenson's avatar

Motivating summary. I just put the book on hold at our (public) library!

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