GAIC fails to sprawl

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The Brumby government’s ill-fated Growth Areas Infrastructure Tax was defeated in the Victorian Senate last evening. This spells the danger of poor land policy. Why did they attempt to charge $95,000 per hectare as a flat fee? Why wasn’t this infrastructure cost spread over a 20 year period as per traditional council bond funded infrastructure […]

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Investors understand economics re Resource Rents

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photo credit: Robbert van der Steeg Surprise! A new Age survey found that investors were concerned about the Henry Review’s proposed Resource Rent Tax: … a staggering 92 per cent believed that the higher taxes would hurt the share prices of resource stocks. Long-term effects were also considered, with 25 per cent believing that a […]

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Raising Revenue from Mineral Deposits

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photo credit: ToOliver2 Dr Gavin Putland Taken from the Dec – Jan edition of Progress.

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Mental Health and Property Bubbles

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photo credit: xeeliz Our colleague Gavin Putland is quoted in this article by Leon Gettler: Predicting when the property bubble will pop is bad for your mental health PROPERTY bubbles suspend laws of supply and demand. In markets for widgets, demand goes down when the price goes up. With real estate, it’s the other way […]

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The New Junk Economics: Hudson

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It’s hard to keep up with Professor Hudson’s rapid fire work rate. Wash the dishes to these 2 key interviews. Guns and Butter – Obama’s Republican Class War Presidency – February 3, 2010 at 1:00pmClick to listen (or download) Guns and Butter – The New Junk Economics: From Democracy to Neoliberal Oligarchy – February 10, […]

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Asset Bubbles Forever

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photo credit: moominsean Tuesday 2nd March Phillip J Anderson Phil Anderson, (Economic Indicator Services) author of The Secret life of Real Estate, will discuss the economic policies of the day in light of his arresting array of charts. Will the commodities boom push us upwards and onwards or are other issues likely to influence 2010? […]

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Liberal Party’s report favours guess what?

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photo credit: Hyaground Peter Martin, the journalist with the biggest sieve (catching all those Henry Tax report leaks), wrote recently on the LP’s highly secretive Ergas report: The report proposes an annual land tax that would extend to the family home and would be used to fund the abolition of real estate stamp duty. ”It […]

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Hudson – The Bernanke Reappointment: Be Afraid; Be Very Afraid

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Michael Hudson If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve Chairman Ben Bernanke may end up injuring […]

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https://prosper.org.au/2010/02/