Viewing profile — redahs

Because allowing new public legal tender to be created on security of fictitious capital such as speculative land values and deposits of credit created by other banks is accounting…

The traditional american school of thought on money is that 1) the optimal supply of money is externally determined by the needs of commerce for liquidity, 2) new money can be crea…

In order for money to be both real and useful it should be secured by unencumbered interest in durable real property. The simplest way to circulate commercial paper for daily trans…

Which is rational. The annual product of lunar soil is zero. Extending the margin of production to the moon will lower wages and increase poverty. The only way to get the general p…

There's not much reason to settle the moon and mars prior to the remote establishment of an independent food supply. Aggressive remote terraforming through domes, mirrors, foreign …

A population decline is certainly not necessary to continue growing GDP/capita. What kind of neo-Malthusian nonsense is that? The economy is operating nowhere near peak performance…

If the desire is to make online content more readable, it might be worth starting with the assumption that all content downloaded from the network will be read on a black-and-white…

The U.S. lost Vietnam because rural farmers thought U.S. troops were working for land lords. Land lords would take control of rural areas and start charging farmers rent after it w…

The ownership of land by value is more unequally distributed than the ownership of capital. Capital depreciates and needs to be regularly replaced each generation. The wealthy have…

Compact urban settlement is a direct market substitute for the hydrocarbons which would otherwise be required to transport goods and people across longer distances. The most import…

The shift of the state and local tax burden off of real estate held by wealthy savers and on to sales and purchases of household expenditures, the shift of the federal tax burden o…

We should phase in a federal 400% annual land value tax on the appraised price which all land would sell for if clear of improvements over the next 80 years. A 400% annual tax on t…

If the thesis of Progress & Poverty is correct, then the cyclic nature of civilization is due primarily to the tendency of the labor cost of acquiring unimproved land for productiv…

Tax policy has a huge impact on growth. However what matters much more than quantity of tax is the quality of tax. Money is public credit and varies in quality depending upon what …

Paying for Social Security using payroll taxes as we are currently doing seems like national suicidal, because younger families gain a greater share of their total income from work…

The boom and bust cycle has been driven primarily by land speculation since classical antiquity. The ability of banks to use their credit creation powers to fuel real estate bubble…

The value the sunlight provides, like all positive externalities, is capitalized in the value of land. The benefits of sunlight can only be acquired if one has acquired a place on …

Consumption taxes have substantially decreased economic growth in Eurozone in practice. The Neo-classical models of economic growth are inferior to classical models of economic gro…

Humans, animals, plants, and single cell organisms directly consume sunlight as an input factor of production for various biological processes without paying the sun anything for i…

> "But when money is invested it is used to buy capital goods–houses or office buildings or factories or ships or motor trucks or machines. Any one of these projects puts as much m…

> Maybe housing costs are what's causing the slump (if there is one)? Yes, that's how the business cycle has worked in western countries since the classical antiquity. The largest …

They could clear up rents rising faster than savings and consumption by copying Taiwan and implementing a land value tax as Sun Yat Sen and Henry George originally recommended. How…

The United States is not currently experiencing mass immigration. Its total annual population growth rate including immigration is lower than 1% and has not been this low since the…

The previous explanation of declining fertility rates is a real effect which should not be ignored. Since the 1970s, increases to payroll taxes and decreases to taxes on property a…

> Chile’s Water Code was established during the Pinochet dictatorship, and still treats water as a replenishable (rather than increasingly scarce) natural resource. Under the code,…