Hi all; A week or so ago I made a request for letters to be sent to Governor Cuomo to prevent the wrong-headed cap on property taxes, ala the disastrous...
Steven: I'll put that in my cover letter - to be written - to the Governor. It is, I think a bit too complex for an online petition aimed at general...
The initial crash was land based, we all know that. The banks did what they are supposed to do, they lent money. The speculators poured debt upon debt into...
... History being reinvented again I see. He did not. Indeed of course he could not since he ceded that power solely to the "independent" Bank of England....
Scott, Good comments. But the heading "was-the-financial-crisis-avoidable?" Answer: NO. Well not in the current economic setup. It is peaks and troughs and...
Jock, to Gordon Brown's credit he upturned how the Treasury Dept works. A new building, new computer systems, new system in general. New ethos. This gives the...
I'm sorry - this sort of thing just epitomises why I don't pay much attention to this list any more. This sort of revisionism boiuls my blood. Growth...
Jock, I for one do not treat Brown as a hero. He was no failure either. I did outline the major point if his achievements. He did not stop the money running...
Today, a newsletter I subscribe to had this to say about the Chinese housing market (in part): However, the fast-rising property price caused lots of social...
David, It's difficult in what you mean when you write: "The unthinking Georgist fall-back position: that high LVT will force under-used city plots into...
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David Reed
dbcreed@...
Feb 4, 2011 7:24 pm
@HP If the locational advantage of a site is worth $ 1,000 a day and the landlord charges the tenant $I,000 a day that is rack-rent .If the government ,whose...
My problem is with your first premise, David--I agree that if something is "rack-rent" when charged by A, it's likely also "rack-rent" when charged by B. I've...
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David Reed
dbcreed@...
Feb 5, 2011 9:21 am
@walto Oh no,not again. It is not my use of the, in your view ," silly" term "rack-rent".It is standard English usage;it is in the dictionary (OED), dating...
... Yes, we've already been through this. As I indicated then, if you want to use the term "rack-rent" to mean "really painful rent" or "really high rent" or...
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Joshua Vincent
joshua@...
Feb 5, 2011 9:27 pm
Our own Bill Batt was given a very useful opportunity to describe not only classical economists and Henry George, but its application in what was one the...
Charging $1,000 a day for a location that provides an advantage of $1,000 a day is not rack-rent. Of course many people would not be able to pay it. Only the...
If the locational advantage of a site is $1,000 a day, and the landlord charges the tenant $1,000 a day, that is NOT rack-rent. If the landlord raises "rent"...
... So, how then does it differ from rent?? ... David's constant speculations about what other members can or can't imagine, do or don't think, etc. are ...
... That example at least meets one of the dictionary definitions of rack-rent: an excessive, extortionate rent. But... who would pay it, and why? The fact ...
Hi Harry, This concept of "rack-rent" seems self-contradictory to me, (at least as you're describing it). For one, who would pay a $1000 a day for a site that...
... Can David cite these usages and show they are equivalent to his? ... I predict that David will now be demonstrating that ... No, that is not what a...
As Henry said in Progress $ Poverty: “Cultivation was for the most part carried on by tenants at will, who, even if the rackrents which they were forced to...
I have defined my use of rack-rent as the highest rent that can be paid while maintaining production. The payment of rent is exactly balanced by the advantage...
I use the following example in the InterStudent High School Program to make the point that you will pay Rent - and a high Rent - to get the right site for your...
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David Reed
dbcreed@...
Feb 7, 2011 11:15 am
@Jason No you're not misunderstanding anything when you ask"Who would pay $ 1,000 a day for a site that only gives a $1,000 a day advantage ? & Who would pay...
Harry, From what I can tell, I don't think I would disagree with the essence of what you're trying to get at. It just seems like the concept of "rack rent" is...
Jason wrote: Harry, From what I can tell, I don't think I would disagree with the essence of what you're trying to get at. It just seems like the concept of...
Jason, Georgist Political Economy views production from the point of view of Labor. It is truly the economics of the individual. We use the term Labor in...
