Question: Why are we using mainstream economic ideas rooted in the 19th century to deal with 21st century challenges to our global civilization and to our national economies? No wonder political debates can seem like running in mud.
It’s time we the people declare our independence from the money-favoring Wall Street economy.
by Dan Sullivan, from Fleeing Vesuvius. 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.