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1. The Land Values
Research Group has accurately forecast economic events years before
they occur, using the Kavanagh-Putland
Index. It's free. You might like to
compare our accuracy against the best of any others you will find
when you Google 'economic forecasts'!
2. Why
can't other economic
analysts predict the economy's direction consistently as we
have? Maybe it's because the science of
economics has been turned into an often
irrelevant mathematical art form by removing the influence
of the land market from its studies? This is a very big
question, but why not follow the answer through here. We
promise you a much greater understanding of how economies
really work.
[If you wish to
donate to our work, simply press the orange 'donate'
button on the Prosper Australia
website.]
The
Land Values Research Group is the research arm
of Prosper Australia. It was founded by Allan
Hutchinson in 1943 to demonstrate the
benefits of drawing revenues from annual land values in
comparison to taxes on productive activity - and to draw
attention to the recurrent recessions that ensue when we fail to do
so.
Modern
economics recognises the superiority of public charges on land and
natural resource rents insofar as they stay with the holder of the
resource and cannot be passed on in prices (like
taxes), but wrongly claims
that the extent of community-generated rent is insufficient to fund
necessary government. This is because a practical area of
applied economics, the theory of real estate valuation, has been written
out of economics. Therefore,
whilst we talk in terms of credit, money supply and debt,
we have little or no understanding of the land price bubbles which
create unsustainable levels of debt every 18 years or
so.
We
have used appraisal/valuation theory to
show that the annual rent from land and other natural resources is
more than sufficient to replace all taxes and to deliver a
universal basic income to every citizen. We show that
considerations of the direction of national real
estate markets need to be reintegrated into economics if
forecasting and analysis
is to become accurate, and if we wish to understand the
occurrence of regular periods of recession and depression.
Being
richer in data relating to land values than other
nations, Australia may be used
as a proxy to quantify the enormous deadweight losses taxes and
escalating land prices inflict upon economies.
Investigate these pages to understand how 'rent-seeking' - the
increasing privatisation of our public land rents - has led to
increasingly pernicious tax regimes, escalating land prices and
debt, and how this, in turn, has directed us into a
period of financial and social turmoil.
As treasuries, central
banks, credit rating agencies and politicians chose to represent
lobbyists and rent-seekers against the best interests of the
public, we are now experiencing economic
depression.
See how analysts failed
us in THE AGE 28 March 2008 or learn about the
failure of the Reserve Bank of Australia to do its job in
THE AGE
20 November
2008.
 "Unlocking the
Riches of Oz",available free on this site, traces the
development of the crisis. It also outlines the only means
by which countries may turn their fortunes around
quickly
<- Click to obtain a
hard copy of the report. (AU$10.00 posted)
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