This is an introductory slide show explanation of land’s role in the business cycle.
Wise Words"Tax the site-value of all land in its unimproved state. This tax was first proposed by the 19th century American economist Henry George. We should envisage the eventual removal of all taxes on incomes and value added, savings and financial capital. Taxes will take the form of Rents and charges reasonably paid in exchange either for the use of resources that would otherwise be available for other people, or for damage caused to other people."-James Robertson (Former British cabinet economist and co-founder of TOES (The Other Economic Summit