is steve keen a real dope?, page-18

  1. Rawbaws
    1,081 Posts.
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    08/07/09
    16:08
    Post #: 5370172
    haha

    $260k

    Don't forget the affect inflation will have on that too i.e. say we have an average inflation rate of just 2%PA over 10 years.

    This means what he is really suggesting is that houses in 09 money worth will come down to about 210,000 NOT 260,000

    that is unless we have deflation..
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