Black Friday: A Day Forgotten and Reborn

This just in, Jeffery Smith of geonomics.org was featured yesterday on truth-out.org. Here, Smith describes the origin of the term “Black Friday”, not as the day after Thanksgiving when shoping mania ensues and the economy gets a boost, but as a day of economic collapse. He goes on to describe land’s central role in the economic boom bust cycle, and how to prevent the next bubble from bursting. The solution is capturing the speculative value of land instead of taxing ordinary people for working and exchanging. Enjoy!

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