Despite the heartache of failing small businesses there’s a lot of money around at the moment. If ever we needed to understand the Georgist principle that land without a serious land tax sucks up available money like a sponge, we’re witnessing it now.
House prices have gone troppo again.
Here’s the ABC’s “The Economists”, Gigi Foster and Peter Martin, discussing the escalating property markets with their guests.
And I should let you know, Peter Tulip, that we had land booms and bubbles ever before we had zoning controls!