Does Inflation Provide An Incentive For People To Go Into Debt?

One of the hottest topics within left wing economics is the effect that capitalism has on wealth distribution. Put simply, the fact that the rich get richer and the poor get poorer, and this so-called ‘wealth gap’ seems only to widen over time, and to put to death the lie that free market capitalism somehow creates the best allocation of resources for all concerned.

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The silver lining of running a motel

NZ businessman Sir Bob Jones commented in his book Jones on Property that ‘hotels and motels are like farms; they are no bloody good – offering a life-style, lots of hard work and a rotten return.’ This little remark made me chuckle as I couldn’t agree with him more.

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