2min chapter

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Lars Doucet - Progress, Poverty, Georgism, & Why Rent is Too Damn High

Dwarkesh Podcast

CHAPTER

Is There a Flip Side to Land Speculation?

One of the economic benefits of speculation is that it gets rid of the volatility in prices where our speculator will buy when it's cheap and sell when the price is high. In doing so, they're kind of making the asset less volatile over time. And if you're basically going to tell people who have oil on their land, like we're gonna keep taxing you,. If you don't take it out, you're gonna keep getting taxed. You're encouraging this massive glut of a finite resource to be produced immediately.

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