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#216 Guido Hülsmann - The Greatest Misconception in Economics is this...

State of the Markets

CHAPTER

Rethinking Economics: A Journey Through Taxation and Inequality

This chapter explores the authors' unexpected foray into economics, shaped by their military service and academic choices. It critically examines the historical shift in economic thought post-World War I and the influence of private foundations in promoting a mathematical approach, leading to misconceptions about taxation and land value. The discussion highlights the role of land taxation in addressing wealth disparity, questioning the long-term effects of economic policy manipulation and advocating for a simpler taxation system.

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