Welcome to REALITY ECONOMICS – A periodic posting of commentary about cooperation, human progress, natural resource economics, and the equitable distribution of wealth in the tradition of Henry George.

High Gasoline Prices? Oligopoly as a Safe Harbor or Pearl Harbor (depending on your point of view)

In the late 1890s the problem was monopoly, so the Sherman Anti-Trust Act was enacted to counter manufacturing monopolies. Were Sherman alive today he’d say monopolies are still with us, except they don’t manufacture, they create services, but the real danger to society is from oligopoly, not monopoly, as the former sets the terms of their exploitation and obfuscation. You don’t need to go any further than today’s transparent oil industry price-gouging conundrum.

Zero-price Land and the Rent Moratorium

The rent moratorium has now been extended to December 31, 2020. The solution to the problem of tenants having too little income to pay their rent and landlords having no cash flow to pay their mortgages is to declare that affected properties rest upon zero-price land. The solution is explained below.

Renters: Land Value Taxation Saves You Money

In this era of heightened awareness of social justice, it is important that we keep focused on those things that directly affect our ability to raise a family and keep them safe while pressuring institutions toward change.

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