In this week’s chapter from Fleeing Vesuvius, Dan Sullivan describes how Pittsburgh and Cleveland have adopted diametrically opposed strategies, with dramatically different results. In Pittsburgh, foreclosure rates are low despite the downturn, home prices are climbing slightly and construction rates are increasing. Cleveland, meanwhile, is struggling to stem a complete collapse of its housing market. The difference lies in the fact that Pittsburgh has had a site-value tax, which steadies the market, and Cleveland has not.
This article by Mark Blyth and Erik Lonergan in the latest Foreign Affairs issue makes the case that central banks should issue money directly to citizens as a countermeasure whenever there is a threat of recession.
It echoes arguments that many Feasta members have been making for some time. See for example Richard Douthwaite’s 2011 article “Deficit Easing: and alternative to severe austerity programmes in the Eurozone”. The FAQs at the end of Richard’s article are particularly helpful as he succinctly explains why inflation should not be considered a significant threat in the current economic context.
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Michael Layden and Emer O'Siochru had a discussion about the Irish Department of Agriculture's recent document "Food Harvest 2020" - described by Michael as 'surreal' - which you can read here.
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Feasta’s Graham Barnes has been asked to present and do a panel session at Open Here in Dublin, on November 14th. Open Here is “a 3-day international festival and conference where online practices such as sharing, peer-production and open source meet real world material economies.” More information is available at http://openhere.data.ie/.
A one day introductory workshop hosted by Davie Philip of Cultivate and Bruce Darrell of Feasta, both based at Cloughjordan Ecovillage. Using an active learning approach this workshop will give an introduction to permaculture design principles and outline how they can be applied to your own life and work.