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by hirako2000 2275 days ago
I think the market would be totally fine as is.

Except that the average person doesn't have the same access to financing as some minority of well connected entities to financing bodies. Access to cheap or even free lending. The fed prints more money than the economy actually creates.

It's a rigged market. That's why it doesn't work. Limiting properties would attenuate the problem, but it's just a bandade solution, and a few will again find loopholes to benefit.

1 comments

> the average person doesn't have the same access to financing as some minority of well connected entities to financing bodies

That's .. also a market. The institutions have substantially greater ability to pay back, and in the case of banks, capital requirements that reduce their credit risk. They don't have the same loss of income risks as a human. Nobody should expect a market to produce a fair outcome from an uneven initial distribution.

Is there any evidence that access to Fed capital is controlled by political connections on an institution by institution basis?