Despite all the kvetching over Trump overvaluing his real estate by the NY Attorney General, NYC is desperately keeping their vacant office buildings propped up so the government's property tax revenue doesn't get slashed. To a Keynesian, deflation is death.
Despite all the kvetching over Trump overvaluing his real estate by the NY Attorney General, NYC is desperately keeping their vacant office buildings propped up so the government's property tax revenue doesn't get slashed. To a Keynesian, deflation is death.