"UT can you explain your 'magic pudding' economics where inflation creates profit?"
Fat just because you and Steve have no idea how to make money the old fashion way doesn't mean it is not possible. It is a very simple strategy. You borrow money at today's dollars and pay it off with tomorrow's dollars. The asset may not be worth any more than it is today in real terms but over a period of 20 to 30 years it has paid itself off from its own earnings. Leaving you with an asset freehold of whatever value it was in real terms. It is not rocket science but it seems to be a hard concept from our perennial bears to understand. This is a very sustainable investment strategy unlike your speculative strategies.
