{"id":540,"date":"2017-03-17T08:10:47","date_gmt":"2017-03-17T08:10:47","guid":{"rendered":"http:\/\/slrg.scot\/?p=540"},"modified":"2017-03-17T08:30:34","modified_gmt":"2017-03-17T08:30:34","slug":"the-virtuous-agr-cycle","status":"publish","type":"post","link":"https:\/\/slrg.scot\/blog\/the-virtuous-agr-cycle\/","title":{"rendered":"The virtuous AGR economic cycle"},"content":{"rendered":"<p>Our resident Emeritus Professor of Economics, Roger Sandilands explains the virtuous AGR cycle that would bring prosperity to Scotland:<\/p>\n<p class=\"p1\"><strong><span class=\"s1\">&#8220;Reduce taxes and rents will rise. Collect those rents as public revenue and, as<br \/>\nAdam Smith explained, current economic distortions and disincentives disappear.\u00a0This leads to exponential growth of GDP\u00a0<\/span>(the magic of compound interest)\u00a0<span class=\"s1\">and AGR. The increased AGRs finance increased public expenditure, which in turn sustains and increases socially-generated AGR in a self-sustaining, expansionary, virtuous economic cycle.&#8221;<\/span><\/strong><\/p>\n<p class=\"p1\">Once you get to the point where harmful taxes and their disincentive and distorting effects are reduced to zero, those elements can be removed from the diagram. AGR continues to work at maximum capacity <em>boosting\u00a0progress and shared prosperity<\/em>.<\/p>\n<p class=\"p1\">The favourable outcomes can be seen in Hong Kong and Singapore, whose economies blast\u00a0the UK into the weeds.<\/p>\n<p class=\"p1\"><a href=\"http:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-543\" src=\"http:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle-300x212.jpg\" alt=\"\" width=\"300\" height=\"212\" srcset=\"https:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle-300x212.jpg 300w, https:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle-768x543.jpg 768w, https:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle-1024x724.jpg 1024w, https:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle-825x583.jpg 825w, https:\/\/slrg.scot\/blog\/wp-content\/uploads\/2017\/03\/virtuous-cycle.jpg 1754w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our resident Emeritus Professor of Economics, Roger Sandilands explains the virtuous AGR cycle that would bring prosperity to Scotland: &#8220;Reduce taxes and rents will rise. Collect those rents as public revenue and, as Adam Smith explained, current economic distortions and disincentives disappear.\u00a0This leads to exponential growth of GDP\u00a0(the magic of compound interest)\u00a0and AGR. The increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-540","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/comments?post=540"}],"version-history":[{"count":11,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/540\/revisions"}],"predecessor-version":[{"id":552,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/540\/revisions\/552"}],"wp:attachment":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/media?parent=540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/categories?post=540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/tags?post=540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}