The Cassandra of Capitalism: Fred Harrison, Georgist Economics, and the Curse of Being Right
On the prophets who saw every crash coming and were ignored every single time There is a torment reserved for those who are not merely correct, but provably, demonstrably, repeatedly correct and still cannot make anyone listen. The ancient Greeks had a name for it. They gave it a face: Cassandra, daughter of King Priam of Troy, blessed by Apollo with the gift of true prophecy and cursed, when she spurned him, never to be believed. She saw the wooden horse for what it was. She screamed her warnings from the walls. The soldiers filed past her, laughing. Troy burned. You have to hand it to the Greeks. They understood the world. Across the sweep of modern economic history, there is a figure who inhabits the same suffocating position. His name is Fred Harrison. He is a British author, economist, and Research Director of the Land Research Trust. He has been predicting house price crashes with extraordinary precision for four decades. He warned of the early 1990s recession bef...