• ?Extremism and the Far-right

    John Cleese did a great piece on the pathology that leads to extremism and even partisanship. The best part of it is on YouTube here:

    https://www.youtube.com/watch?v=wXCkxlqFd90 John Cleese on extremism I cropped this from a party political broadcast on behalf of the SDP-Liberal Alliance in the UK General Election of 1987.

  • ?Extremism and the Far-right

    The classical liberals and early progressives were completely unlike both the modern left and the modern right, including the libertarian right. I made a quick chart of the differences here:

    http://savingcommunities.org/isms/progressivevsfascismandsocialism.html Fascism and Socialism vs. Classical liberalism and early progressivism: Saving…[Read more]

  • ?The Housing crisis

    Full disclosure: I’m president of the Council of Georgist Organizations. Most people, including most Georgists, only associate him with land value tax. They forget, or never found out, that he got the secret ballot into the United States, led the campaign for municipal ownership of public utilities, started the eventual downfall of the patronage…[Read more]

  • ?The Housing crisis

    Just about everybody uses the term “capitalism” the same way, whether on the left and the right, but Marx coined the term. As a result, the dictionary definition is his definition. However, his real contribution to economic confusion was in redefining the word “capital” to include land and money. People speak of those with money as having capital,…[Read more]

  • ?The Housing crisis

    Your desire to be taken seriously would be served by your making constructive points directly in your comment instead of ranting at people and giving them reading assignments.

  • ?The Housing crisis

    Increased demand only drives land prices up, because the supply of land is fixed, and, as Adam Smith noted, “The rent of the land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price.” (Wealth of Nations, Book 1, Chapter 11 “On the Rent of Land”) It does not drive up the price of other goods unless they…[Read more]

  • ?The Housing crisis

    Still triggered, I see. No, I did not submit to your reading assignment. I just thought your response was obnoxious on its face, and I am a boomer, born in 1949. If you can show that she is wrong without all the manufactured outrage, you might be taken more seriously.

  • ?The Housing crisis

    Well, the best prices occur when credit is hardest to get. This cycle is strange, though, because, as Liam noted, there isn’t a big surge in home building like there is after other recessions. I think the UK also has too many bureaucratic obstacles tied to planning and zoning.

  • ?The Housing crisis

    Wow, somebody’s triggered. I guess they don’t call this “triggernometry” for nothing.

  • ?The Housing crisis

    There is a cycle that usually runs every 18 years. The crash usually comes 3-4 years after each peak in real estate prices, and the recovery usually comes 3-4 years after real estate prices bottom out. This is tied to the expansion and contraction of bank credit, not only for home mortgages, but for commercial loans.

  • ?The Housing crisis

    The creation of money by banks is a big part of the reason we have boom/bust cycles, and Positive Money in the UK is doing heroic work to change that. However, the core reason for high rents and land prices is the failure to tax land values. The two reforms working together would result in both affordable and stable land prices.

  • ?The Housing crisis

    Henry George didn’t ignore capitalism. He corrected Marx, who conflated land with capital in order to blame capital for the monopoly of land. True capital is labor products used to enhance production. Even Marx observed that the monopoly of land was the reason for the monopoly of capital, but managed to go on as if he didn’t understand what he had…[Read more]

  • ?The Housing crisis

    The high cost of housing is due to the high cost of land. The high cost of land is due to the monopolization of land, and that monopolization was due to the tax burden being shifted off of real estate and onto productivity. This happened in England during the Enclosure Acts, but it mostly happened in the US after WWI and then in the 1980s,…[Read more]

  • ?Your prediction for the 2020 US Election

    Trump unless Tulsi Gabbard gets the nomination, which is unlikely.

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