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We seem to lurch back and forth between Keynesian and Chicago School economics, without hearing about things like Georgism[1] or Distributism[2]. The cynic in
by quantumofmalice 9y ago
We seem to lurch back and forth between Keynesian and Chicago School economics, without hearing about things like Georgism[1] or Distributism[2].
The cynic in me says this is because the financial elites are comfortable with either option.
[1] - https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism
[2] - https://en.wikipedia.org/wiki/Distributism https://en.wikipedia.org/wiki/Distributism
- beaner 9y agoIt seems like a tug of war between the capitalists and the government. They each adopt and promote the economic theories which they think justify their actions and desires.
- conanbatt 9y agoMilton Friedman was georgist on taxes: he was in favor of land value tax. Who else is in favor of LVT? Stiglitz, Krugman. Wait, left and right economist agree on LVT? "You might see disagreement between economists, but if you were to put a varied group of people and a set of economists in the same room, you will soon find that its everyone against the economists" -~ Milton Friedman