Economics reporter Fred Harrison is back with a new video interviewing our Georgist economics colleague, Kris Feder from Bard College. Feder shows succinctly how a tax on land, and not on improvements, can foster healthy, sustainable growth, eliminate boom/bust speculation, and virtually end unemployment; Feder speaks of how we treat Labor as if it's scarce and Land as if it's plentiful, as well as conflating it incorrectly with Capital (which can be created, while Land cannot). Land is finite, while it is Labor that is over-abundant - as shown by the high unemployment/underemployment numbers. This is exactly the opposite of what our present economic policies imply, and one of the major reasons for our present economic retardation. - Ed. Scott Baker
Governments can align their policies with people's private goals by abolishing anti-social taxes, argues Professor Kris Feder. Re-aligning behavior to flow with the grain of both nature and our human nature is achieved by removing the financial bias against those who work for their living.