incentives in the tax, monetary, and regulatory systems

Land Value Capture is Part of a Production-First Economy, and Therefore a Low Inflation Economy

The New Physiocratic League platform emphasizes recalibrating the incentives in the tax, monetary, and regulatory systems so that liquidity flows toward production ahead of consumption. That is not to downplay the importance of consumption — no, consumption is the other side of the production coin. However, instead of creating an inflationary spiral where excess cash chases too few goods & services and sellers are forced to raise prices because producers can’t catch up, what if we had a production-first economy? What would that look like, and how would land value capture play a central role?

With regards to production and consumption, let’s focus on the production side for a moment — there are 3 factors of production: land, labor, and capital.

Land value tax

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