An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, July 19, 2012
The Economist — The real wealth of nations
A new report comes up with a better way to size up wealth
That calculation is a joke. Japan has world's highest land values. Still their "natural wealth" is non-existant in that table. The truth is that just their real estate land is at least 3 times the GDP of Japan.
That calculation is a joke. Japan has world's highest land values. Still their "natural wealth" is non-existant in that table. The truth is that just their real estate land is at least 3 times the GDP of Japan.
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