2. (2014 September-October) Social Media: Peter Thiel on Henry George

The following is a response from the controversial Peter Thiel, the cofounder of PayPal and Facebook’s angel investor. Thiel was asked by one of Fred Foldvary’s students, “rromanchuk”,  what he thought of Henry George:

[–]rromanchuk 31 points 10 days ago

Have you ever read anything from Henry George? If you have, any thoughts? I think he gets an unfair treatment from almost every school of economic thought, including the Austrians, no, especially the Austrians.

When it comes to the three factors of production, it bothers me how lazy academia is when it comes to land. The fact this guy induces so much rage from every political faction and almost all schools of economic thought (from fringe to keynesian) seems like a signal he might be on to something.

[–]PeterThiel[S] 56 points 10 days ago

Yes, I think George is a really interesting thinker. The idea that we should tax land heavily (and perhaps not tax anything else at all) is very interesting, since many of the bad monopolies in our society involve the unholy coalition of urban slumlords and pseudo-environmentalists.

http://www.reddit.com/r/IAmA/comments/2g4g95/peter_thiel_technology_entrepreneur_and_investor/ckfjrtn

Leave a Comment