tag:blogger.com,1999:blog-14162253.post6509640776772932318..comments2024-03-28T18:57:15.124-06:00Comments on Wash Park Prophet: There's A Reason They Call It The Dismal ScienceAndrew Oh-Willekehttp://www.blogger.com/profile/02537151821869153861noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14162253.post-83370202161161572782009-11-09T20:31:05.529-07:002009-11-09T20:31:05.529-07:00Since it is widely accepted that the next bubble t...Since it is widely accepted that the next bubble to burst is commercial real estate, the logical place for stimulus dollars is to give occupants of commercial space tax credits to offset property taxes (which are not adjusting downward fast enough due to the usual reassessment lag and due to stubborn landlords not yet admitting lower rents or sale prices). Such tax credits would keep commercial space occupied and preserve jobs.<br /><br />I say this only as a short-term solution of course. We have Keynesian economy now, and we have to work with what we have. The long-term solution is a fully-reserved gold standard.Michael Malakhttps://www.blogger.com/profile/10007582156392845677noreply@blogger.com