Politicians: “We can’t tax land values significantly to keep prices down because land values will decline. This wouldn’t only affect bank mortgages, but people wouldn’t be happy to see their properties values decline.”

So, instead of being properly managed downward by fiscal action, land prices are being left to correct themselves: to drop suddenly and sharply, bringing on a financial depression.

Can any government, anywhere, be convinced to do something before 2027?

Probably not.