State of the Markets State of the Markets

#244 Fred Harrison - Cheating and The Polycrisis Ahead

Aug 2, 2026 · 2h 4m

Summary

Fred Harrison, an investigative journalist turned economist, discusses his new book "Cheating: The Human Project and Its Betrayal" with hosts Paul Rodriguez and Tim Price. Harrison argues that modern economics is fundamentally flawed because it ignores land value, creating a "culture of cheating" that drives housing unaffordability and inequality. He proposes replacing income taxes with a "location charge" to fund public services, citing Denmark and Estonia as successful examples. The episode also covers Harrison’s failed efforts to implement these reforms in post-Soviet Russia and his crit…

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