[bufordsharkley]

This is quite fair. No message to "put all your money in land!" was intended, and indeed we see many cases of localized manias, the galloping of irrational exuberance. Land bubbles come and go, but the underlying cause is the same. What's productive about bidding up the price of land, after all?

[graeme]

Indeed. Also, I should say I was commenting more for Canadians reading, rather than because I thought you were for putting money in land.

I’ll have to read up on Georgism. I’m very interested in alternatives to an income tax; it seems counterproductive to tax something we want to have. There are so many things with externalities we could replace it with.