Prosper Australia

Guns and Butter – April 15, 2009 at 1:00pmClick to listen (or download) In one of the most compelling interviews of recent times, Michael Hudson talks about economic warfare like few others. In a wide ranging interview discussing the GFC via his recent experiences in Iceland, of UK financial powerplays and the dominance of the [...]

How independence was never intended to mean freedom When: Thurs April 30th, 6.30 for 6.45pm Who: Karl Fitzgerald, Prosper Australia Project Coordinator and 3CR’s Renegade Economist. Download Flyer Vanuatu means ‘Eternal Land’. However, our recent visit to these idyllic lands revealed a dark side to the beauty surrounding such a community. Economic policy is out [...]

photo credit: dave_7 Polly Cleveland Economists conventionally attribute the Great Depression to blunders by the then-new Federal Reserve Bank. According to this story, promoted by Milton Friedman and the Chicago School, after the stock market crash of 1929, the Fed kept interest rates too high, strangling the economy. This story made most economists confident that [...]

short but sweet

Why a 130-Year-Old Idea is Still Relevant Today Jason Bessey Apr 21, 2009 In the late 19th century, the Industrial Revolution was well underway. Society, it would seem, was beginning to make a huge leap in progress in areas like technology and production. In places like California, many places went from camps to cities in [...]

What’s the difference between land price and land value?

photo credit: zachstern Karl Williams Progress Magazine’s editorial column. Make sure you sign up to receive a hard copy of our hard hitting magazine – Trial Subscriptions are available. This time of economic crisis is when we make our run. Politicians, think-tanks, bankers and the commentariat are proving to the public that their voodoo economics [...]

photo credit: azrainman Occasional commentary # 9 27 March 2009 Bryan Kavanagh Let’s say labour joins with capital to produce wealth. The locational rent of land arises as a by-product, simply from the existence of the community. Say, for some reason or other, you wanted to create an economic depression. How would you go about [...]

An occasional commentary on the depression # 8 5 March 2009 Bryan Kavanagh* There’s something happens when people get together in groups. Their IQs halve. If the most obvious fact an outsider puts to the group is incomprehensible to them, the interloper should be set upon and duly removed by the group’s designated attack dogs. [...]

photo credit: nflorence2012 How to avoid being caught short: US calls in old rules to shield its markets: The slumping financial markets have been rebounding steadily in the past month for several reasons, including regulatory and legislative decisions in Washington. The Dow Jones Industrial Average closed on Friday above 8000, a dramatic increase from the [...]