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Yeah, at the meta level, Wolf's positioning is truly great news.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Jan 5th, 2009 at 06:48:33 AM EST
[ Parent ]
I think that Wolf has always been open to argument, but unfortunately has tended to base his cool rationality on bollocks assumptions.

For instance, he - like Sam Brittan - has for some time been approving of Land Value Taxation,which is not actually grounded in the conventional anthropocentric economic assumption that ONLY individuals can be "productive". As opposed to Capital - of which Land has been classified as a sub-set to obfuscate things even more conveniently.

If you deny that Land has a "Value" (ie is "productive") then you are heading off the possibility of a tax on the privilege of exclusive ownership of this Commons, which is what Land Value Tax actually is. In fact even Milton Friedman regarded it as the least worst tax.

I digress.

It does look like there is a major shift in assumptions going on, and not just by Wolf.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Jan 5th, 2009 at 10:22:09 AM EST
[ Parent ]

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