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	<title>Prosper Australia &#187; Michael Hudson</title>
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	<link>http://www.prosper.org.au</link>
	<description>Access → Opportunity → Prosperity</description>
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		<title>Wall Street&#8217;s $13 Trillion Cover Story</title>
		<link>http://www.prosper.org.au/2011/06/18/wall-streets-13-trillion-cover-story/</link>
		<comments>http://www.prosper.org.au/2011/06/18/wall-streets-13-trillion-cover-story/#comments</comments>
		<pubDate>Sat, 18 Jun 2011 00:21:15 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Michael Hudson]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=3300</guid>
		<description><![CDATA[photo credit: M J M Michael Hudson Free money creation to bail out America&#8217;s elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Kindly borrowed from Michael-Hudson.com Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>How Financial Oligarchy Supplants Sovereignty</title>
		<link>http://www.prosper.org.au/2011/06/07/how-financial-oligarchy-supplants-sovereignty/</link>
		<comments>http://www.prosper.org.au/2011/06/07/how-financial-oligarchy-supplants-sovereignty/#comments</comments>
		<pubDate>Tue, 07 Jun 2011 01:07:16 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[detailed articles]]></category>
		<category><![CDATA[economic rent]]></category>
		<category><![CDATA[Michael Hudson]]></category>
		<category><![CDATA[tax reform]]></category>
		<category><![CDATA[wealth gap]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=3273</guid>
		<description><![CDATA[photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Liberate labor and enterprise</title>
		<link>http://www.prosper.org.au/2011/02/01/liberate-labor-and-enterprise/</link>
		<comments>http://www.prosper.org.au/2011/02/01/liberate-labor-and-enterprise/#comments</comments>
		<pubDate>Tue, 01 Feb 2011 05:41:35 +0000</pubDate>
		<dc:creator>David Collyer</dc:creator>
				<category><![CDATA[Commentary]]></category>
		<category><![CDATA[a running list of warnings]]></category>
		<category><![CDATA[affordability]]></category>
		<category><![CDATA[boom-bust]]></category>
		<category><![CDATA[economic rent]]></category>
		<category><![CDATA[Henry review]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[housing affordability]]></category>
		<category><![CDATA[land supply]]></category>
		<category><![CDATA[land tax]]></category>
		<category><![CDATA[Michael Hudson]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[tax reform]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2697</guid>
		<description><![CDATA[The reform challenge for our beloved country is to discard the taxes that weigh on effort and creativity, and to put them instead on economic rents, like land and mining.]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2011/02/01/liberate-labor-and-enterprise/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Will ninjas burst the Great Australian Housing Bubble?</title>
		<link>http://www.prosper.org.au/2010/11/16/will-ninjas-burst-the-great-australian-housing-bubble/</link>
		<comments>http://www.prosper.org.au/2010/11/16/will-ninjas-burst-the-great-australian-housing-bubble/#comments</comments>
		<pubDate>Tue, 16 Nov 2010 04:28:17 +0000</pubDate>
		<dc:creator>David Collyer</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[a running list of warnings]]></category>
		<category><![CDATA[affordability]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[boom-bust]]></category>
		<category><![CDATA[economic rent]]></category>
		<category><![CDATA[Henry review]]></category>
		<category><![CDATA[housing affordability]]></category>
		<category><![CDATA[Michael Hudson]]></category>
		<category><![CDATA[tax reform]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2571</guid>
		<description><![CDATA[photo credit: The Library of Congress Only when the tide goes out do you discover who&#8217;s been swimming naked. Warren Buffett In the US housing bubble, banks and financiers gave a mortgage to anyone with a discernable pulse.  NINJAs (No Income, No Job, no Assets) were welcomed – as long as they could sign their [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
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		<title>Hudson on G20, Currency Wars &#8211; Democracy Now!</title>
		<link>http://www.prosper.org.au/2010/11/06/hudson-on-money-printing-currency-wars-democracy-now/</link>
		<comments>http://www.prosper.org.au/2010/11/06/hudson-on-money-printing-currency-wars-democracy-now/#comments</comments>
		<pubDate>Fri, 05 Nov 2010 21:15:36 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Multimedia]]></category>
		<category><![CDATA[Michael Hudson]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2546</guid>
		<description><![CDATA[Michael Hudson as interviewed by Amy Goodman and Juan Gonzalez on Democracy Now! Summary: The Federal Reserve will pump $600 billion more into the U.S. economy and keep interest rates at historical low levels. The short-term impact of the Fed&#8217;s move—known as quantitative easing—has been a jump in stock prices across the globe. Many nations, [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/11/06/hudson-on-money-printing-currency-wars-democracy-now/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>History of Debt and Property from the Ancient East</title>
		<link>http://www.prosper.org.au/2010/07/20/history-of-debt-and-property-from-the-ancient-east/</link>
		<comments>http://www.prosper.org.au/2010/07/20/history-of-debt-and-property-from-the-ancient-east/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 02:57:58 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[land tax]]></category>
		<category><![CDATA[Michael Hudson]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2311</guid>
		<description><![CDATA[Michael Hudson As first published in The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times, David S. Landes, Joel Mokyr, and William J. Baumol, eds., (Princeton: Princeton University Press, 2010):8-39. Also on Michael&#8217;s website. A century ago economists could only speculate as to the origins of enterprise. It seemed logical to assume that [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/07/20/history-of-debt-and-property-from-the-ancient-east/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Systemic Analysis: How Close Can One Get?</title>
		<link>http://www.prosper.org.au/2010/07/10/systemic-analysis-how-close-can-one-get/</link>
		<comments>http://www.prosper.org.au/2010/07/10/systemic-analysis-how-close-can-one-get/#comments</comments>
		<pubDate>Sat, 10 Jul 2010 06:21:21 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Commentary]]></category>
		<category><![CDATA[housing affordability]]></category>
		<category><![CDATA[Michael Hudson]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2290</guid>
		<description><![CDATA[Watch this masterful animation to an excellent speech by social theorist David Harvey: Continue on by reading two pieces in the world leading Financial Times newspaper. One by Michael Hudson on Latvia&#8217;s Third Option: As Europe’s banking crisis deepens, Greece’s and Spain’s fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/07/10/systemic-analysis-how-close-can-one-get/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Counter-Enlightenment</title>
		<link>http://www.prosper.org.au/2010/05/25/the-counter-enlightenment/</link>
		<comments>http://www.prosper.org.au/2010/05/25/the-counter-enlightenment/#comments</comments>
		<pubDate>Tue, 25 May 2010 04:52:07 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Progress Magazine]]></category>
		<category><![CDATA[Michael Hudson]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2143</guid>
		<description><![CDATA[Michael Hudson The Counter-Enlightenment, its Economic Program – and the Classical Alternative Based on a talk given to Prosper Australia on Friday October 16th, 2009. First published in Progress Magazine &#8211; Autumn 2010. Download Progress #1096 here. The last few years have seen Social Democratic and Labour parties fall into disarray throughout the world. Retreating [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/05/25/the-counter-enlightenment/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		<title>Australia’s Needless Foreign Borrowing</title>
		<link>http://www.prosper.org.au/2010/05/17/australia%e2%80%99s-needless-foreign-borrowing/</link>
		<comments>http://www.prosper.org.au/2010/05/17/australia%e2%80%99s-needless-foreign-borrowing/#comments</comments>
		<pubDate>Mon, 17 May 2010 04:21:21 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[land tax]]></category>
		<category><![CDATA[Michael Hudson]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=2128</guid>
		<description><![CDATA[photo credit: Adam_T4 Michael Hudson and Shann Turnbull*              Confronted by the global financial crisis that is burying foreign economies deeper in debt deflation each month, Australia needs to protect itself – indeed, to liberate itself from as many costs and risks as it can. Fortunately, many of its costs and risks are unnecessary, merely [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/05/17/australia%e2%80%99s-needless-foreign-borrowing/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Hudson: Wall St Moves in for the Kill</title>
		<link>http://www.prosper.org.au/2010/03/02/hudson-wall-st-moves-in-for-the-kill/</link>
		<comments>http://www.prosper.org.au/2010/03/02/hudson-wall-st-moves-in-for-the-kill/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 23:52:32 +0000</pubDate>
		<dc:creator>Karl Fitzgerald</dc:creator>
				<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Michael Hudson]]></category>

		<guid isPermaLink="false">http://www.prosper.org.au/?p=1797</guid>
		<description><![CDATA[photo credit: elodole MICHAEL HUDSON Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment could have exceeded [...]]]></description>
		<wfw:commentRss>http://www.prosper.org.au/2010/03/02/hudson-wall-st-moves-in-for-the-kill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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