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The internet, it has long seemed, frees us from the bounds of location. We can work from home. We can shop in London or Tokyo. On Skype, we can chat with friends in Sydney, Australia as if they were next door. Meanwhile, Mozy.com backs up our computers to a bank of servers in Texas. As reported Feb . . . → Read More: Can Cyberspace Liberate Us from Earthly Space? Land bubbles of varying severity and universality recur roughly every eighteen to twenty years. Like Henry George, modern Georgists attribute recessions and depressions to these bubbles. A huge real estate bubble of the 1920′s preceded the Depression of the 1930′s. That bubble actually began to burst in 1926, three years before the . . . → Read More: Why Georgists Corrected Predicted the Crisis, and Why Conventional Economists Couldn’t Economists conventionally attribute the Great Depression to blunders by the then-new Federal Reserve Bank. According to this story, promoted by Milton Friedman and the Chicago School, after the stock market crash of 1929, the Fed kept interest rates too high, strangling the economy. This story made most economists confident that it couldn’t . . . → Read More: The Great Real Estate Bubble of the Roaring Twenties |
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