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Published on Nov 4, 2014
This video presents the biggest imperfection in a market economy: land, i.e. location. Land is a vital, limited resource, which is not used optimally and which chronically polarizes wealth differences unless it is taxed properly. To understand the economic development of any region, one needs to understand how both infrastructure investments and rises in living standards are capitalized into the value of real estate, its location value. And how our whole home ownership paradigm is just an foolish and ineffective symptom treatment for the Land Bug.
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