1 thought on “What the market can provide”

  1. Posted 10/02/2015 at 19:27 | Permalink

    Where goods and services are elastic in supply, the market benefits everyone. Where goods and services are inelastic in supply, the market only benefits the few. No where is it easier to see the malign effects of free market dogma than our dysfunctional property market. We should of course take Milton Friedman’s advice and de-capitalise the pure monopoly selling price of Land, with an ad valorem tax based on its rental value.

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