“Economists are almost unanimous in conceding that the land tax has no adverse side effects. ...Landowners ought to look at both sides of the coin. Applying a tax to land values also means removing other taxes. This would so improve the efficiency of a city that land values would go up more than the increase in taxes on land.” LooksMeanValuesSidesCitiesLandEffectsOughtTaxesIncreaseEfficiencyBoth SidesEconomistCoinsAdverseSide Effects Author:William Vickrey
“The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.” SidesInterestEffectsPolicyCostPressureRateMonetaryInterest RateSide EffectsMonetary Policy Author:William Vickrey
