Policy continues to treat the symptoms rather than eliminate the cause of the economic boom and bust.

Some environmentalists think that land-value taxation promotes too much development, but in fact LVT promotes an efficient use of land.

As in previous real estate booms, house builders overbuilt in the hot markets. Why don’t they learn? Because they expect a bailout.

In 1978, the voters of California approved Proposition 13, which cut the real property tax, but failed to constrain the growth of government, and increased tax burdens

There are already recessions in two key industries, residential real estate and automobile manufacturing

Austrian school analysis shows that any interference or control of money by a central bank or government agency will distort the interest rate and cause economic waste