Timmy Elsewhere

At the Register.

Different economic theories shed light on certain different parts of our problems and their solutions. Austrians and entrepreneurs for example, in the end, hold the key to the end of the recession.

2 comments on “Timmy Elsewhere

  1. As a Henry George diehard,I was disappointed not to see LVT mentioned as a possible tool in the economic toolbag,but one thing never answered by the now quite numerous land taxers is : if the commercial property bubble burst earlier than residential and if commercial rents are falling fast, why are n’t entrepreneurs already in there providing services,flogging things?

    Tim adds: Commerical rents in the UK are really rather constipated. Rent reviews can only ever be upwards. If you sell on a lease then the rent goes with it. Only bankruptcy allows for a rengotiation of the rent downwards. Thus they have to go bankrupt before the rents start to fall….

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