Couldn’t that mean that our cost of living has become hopelessly inflated by both?
Couldn’t that mean that taxes and land prices have assisted in generating poverty and unemployment as the wealthy become wealthier?
Couldn’t that explain recurrent periods of boom and bust?
Couldn’t that mean that economists, education and governments are taking us down the wrong path?
Couldn’t there be an alternative – such as publicly taxing land rent away?
Wages couldn’t be kept down–with no inflation!–in the 15th century and the first quarter of the 16th when land rent was collected. Henry VIII fixed all that by selling off monastery land to adjoining lords, the enclosures, debasing the currency, &c.