Prosper Australia

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photo credit: Joel Bedford Mason Gaffney October 25, 2008 In a follow up to Professor Gaffney’s The Great Crash of 2008, he now delves into how credit can be freed from the current crisis. The Great Reckoning awaits… 1. Introduction Working capital is the bloodstream of economic life. It is physical capital, the fast turning [...]

photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with the loss of confidence in the market. Prime Minister Kevin Rudd has stepped [...]

Thurs Nov 6th, 6.45 pm featuring Dr Gavin Putland Download flyer Which politician will use the ‘recession we could have avoided’ line? Rest assured Paul Keating will be invited. Dr Putland will discuss why asset price bubbles always end in tears. What trends have made such busts more prominent? What can be done to avoid [...]

photo credit: trackrecord Jeffery Sachs was heard sniggering on local radio this morning at the extent to which Greenspan admitted fault. Greenspan has shocked the world by admitting his world-view was incorrect. Referring to his free-market ideology, Mr. Greenspan added: “I have found a flaw. I don’t know how significant or permanent it is. But [...]

Our 2nd exciting Speed Renting event is on tonight. Starting from 6pm at Horse Bazaar, 397 Little Lonsdale St, room seekers will meet householders for 3 minutes at a time. The relaxed setting helps individuals sort out who they would prefer to live with, in effect filtering out the dorks! Last time we had over [...]

Renegade Economist Press Conference

Following this excellent clip, you must read why – Boom Bust 2010 (scroll down) and understand how we can avoid this situation in the future.

photo credit: mdumlao98 Prime Minister Rudd’s $10bn ‘economic security strategy’ is another blinkered response. A decade of record economic growth has done little for the aussie battler. Record prices for iron ore have cascaded into the deepest pockets in the nation, where hard working miners pay thousands of dollars in rent, soaking up much of [...]

photo credit: Celeste33 Anne Schmid We do not blame the poor for being poor, or suggest that it is because they are lazy or incapable of earning a living. Likewise, is it altogether hard work and enterprise that has made the wealthy rich? Could there be bludgers among the wealthy? Not many of us have [...]