Disquiet Reservations: Prof. Michael Hudson - Deepening Debt …
Locational value is created by society, and should be the natural tax base because a land tax does not increase the price of real estate; it lowers it by leaving less “free” rent to be paid to the banks. ….. It has not run up public debt in the Keynesian way, by government spending such as in the modest “ Stimulus ” package to increase employment and income.
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Disquiet Reservations: Prof. Michael Hudson - Deepening Debt …