Good to have an academic study proving what we knew all along. Those
home grants MUST increase land price. It is the natural economic law -
If you don't understand it you are in good company. Not even W.D.
himself understood that one, even for all his biblical talk. The rising
of the rent is the natural fund from which to fund society. Leviticus
describes what to expect to that society (a rent cycle, the creation of
a debtor class being the main two) when the rent is permitted to
Note what the economists in the articles have to say - trash, absolute
trash, so ignore the comments, they will lead you to a misunderstanding
of the law.
A sure sign the law is still in operation, the buildings get taller on
First Home Grants Article