THIS AFTERNOON’S EFFORT

Oh, so we’re about to ‘tighten’ at a land price bubble again?

Well, lookee here!

From Fred Harrison’s “The Power in the Land: Unemployment, the Profits Crisis and the Land Speculator (1983)

And this from Stephanie Kelton, citing Frederick Thayer

Working towards a recession again – or is it a financial depression this time?

Seems we reject gentle fiscal action at this time because economists and politicians don’t understand the role of land prices and private debt in boom-bust?