How to spur economic growth
By Insights from laid-off big law firm associates at my other place:
At October 17, 2011 7:56 AM , Anonymous Anonymous said…
BL1Y- are you saying that selling houses back and forth to each other again and again is not a viable engine for genuine economic growth?
At October 17, 2011 8:13 AM , Anonymous BL1Y said…
Yes, you can’t grow an economy by passing houses back and forth.
What you need to do is draw up some paper work, pass it off to several other people, have them pass their pieces around in a circle, and then gather them back together, give them back to you, and then you hand them off to a lawyer, who divides the papers up among another group, they pass them around, hand it back to the lawyer in charge, who then hands it back to you. Now, you hand those papers to the other party to the transaction, they divide them up among their staff, pass them around, collect them, hand them off to the lawyer, have their lawyer divide them up, pass them around, collect them, and pass them back. …And then you pass the houses back and forth. THAT is how you grow an economy.