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170 – By George, The Rent Is Too Damn High!

The Bayesian Conspiracy

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The Law of Rent

Rent is determined by the margin of production. The most you could charge for rent for one of these lots is 90 because people's next, next least productive alternative is the one that gives 10. Henry George argues that landowners oppress both labor and capital,. cheating both of them of hard work and investment out of their fair share.

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