Progressive Politics

[b_9904]

AKA socialism in disguise, or at the very least populist.



I would just like to remind people that free stuff is NOT free. The taxpayers PAY for them.

[niky]

Tricky balancing act.

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There is no denying that some forms of social support services help to uplift a country's economy.

The big question is how much is too much and how little is too little.

[b_9904]

Tricky balancing act.

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There is no denying that some forms of social support services help to uplift a country's economy.

The big question is how much is too much and how little is too little.

In 2001, socialized housing cost us 2% of GNP.

Wonder what I would find if i dig at educ and health.

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[niky]

In 2001, socialized housing cost us 2% of GNP.

Wonder what I would find if i dig at educ and health.

Sent from my ASUS_T00J using Tapatalk

The question is whether it helped or not. Granted, the desire to make housing more affordable, via laws passed under Bush, Clinton and Dubya, is what led to the subprime bubble.

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In Singapore, on the other hand, providing affordable housing and housing financing helped create the middle class boom that fueled the city's economy through the 20th Century.

[safeorigin]

The question is whether it helped or not. Granted, the desire to make housing more affordable, via laws passed under Bush, Clinton and Dubya, is what led to the subprime bubble.

In Singapore, on the other hand, providing affordable housing and housing financing helped create the middle class boom that fueled the city's economy through the 20th Century.

Reality: Economic consequences of interventionism apply equally well with Singaporeans

Mish's Global Economic Trend Analysis: Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

Credit Bubble Rhymes with Trouble | Zero Hedge

Malinvestment - Mises Wiki, the global repository of classical-liberal thought

[Monseratto]

Chavez style socialism...


Venezuela should be rich, but its government has destroyed its economy - The Washington Post

[safeorigin]

^Yup, Austrian economics is quickly spreading after the failures of central planning

Ludwig von Mises is the Most Searched Economist in Brazil | Mises Wire





Who is John Galt?



We are.

This coming May 28, you will see the producers Shrug.

[safeorigin]

in breaking news: doing the same thing for more than 2 decades and expecting a different result didn't work out as planned! shocking!

Goldman Throws In The Bearish Yen Towel: "There Is Little Doubt That The USDJPY Will Keep Falling" | Zero Hedge

[niky]

Reality: Economic consequences of interventionism apply equally well with Singaporeans

Mish's Global Economic Trend Analysis: Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

Credit Bubble Rhymes with Trouble | Zero Hedge

Malinvestment - Mises Wiki, the global repository of classical-liberal thought

The price bubble isn't about socialized housing. It's about speculative hot money inflows. Ultra-high demand and stable economy mean everyone wants to buy real estate there.

And as noted in zerohedge, it's part of a regional trend, not specific to Singapore alone.

Yipee-kay-yay... we're heading for another AFC...

[safeorigin]

^You're looking at the surface.

When you see the hidden part of the iceberg...

SRX Singapore Property Price Index

There has always been a draw for speculators to put their money on real estate regardless of country (especially when it's subsidized).

Niall Ferguson explains it well



Socialized housing artificially boosts demand causing misallocation of resource. You get instant gratification in the beginning in exchange for future economic energy. Eventually, it disincentives real estate industry from lowering prices because they don't have to compete from one another in terms of prices. This sends false signals to speculators who then see this boom and say, "aha! I'm gonna invest here!". And prices keeps going higher and higher irrespective of the fundamentals, actual demand, and ability of the purchaser to pay*.

Singapore's property market continues to feel the impact of 213 - The Online Citizen

Hence, Singapore is now facing an oversupply, much like what happened in the US.

Indeed, this isn't isolated to Singapore because most emerging markets are into socialized housing in the first place.

What legislators don't understand is that attempts to make anything more affordable to the masses will only perpetuate this cycle.

The best example of this is Obamacare where the name and intention of the bill did the exact opposite.