Steve keen is wrong.
People have money , they want to store their wealth somewhere for the future to give them a sense of security.
goverment is printing and handing out money randomly .
Gold and stocks are very speculative due to its nature . (minsicule volume can destroy your wealth).
How the banks structure their business means nothing they can change the goal posts overnight (then we have a differant structure to analaysize).
Inner city housing with a clear title has not dropped a cent.
At the end of day paper assets will just have another zero on the end which means property will not devalue and it never has for sustained periods .
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steve keen was right, page-21
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