Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

And yet he misses some obvious things.

Would you buy farmland, let it sit barren, then sell it years down the road? Of course not -- you would rent it to farmers. This income would need to be included in the returns to buying the land.



Yes, you're right. The Nobel Prize winner completely misses that the value of an asset is complicated. He only talks about that in half of the piece.

Also, many readers seem to miss the fact that Shiller almost certainly did not write that clickbait headline.


Unless you were getting subsidies to leave it barren? Such subsidies haven't been unheard of in the UK under the EU farming system.


Quite common in the US too


Would you buy shares and throw away the dividends?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: