Was it ‘debt’ or land price what done us in, Gov?
Economists are very strange people. Some of them say private debt doesn’t matter much, because banks simply act as intermediaries between people in the community who lend to each other, so that any private debt cancels out. More realistically, other economists say...Changing the world
What’s the problem? Class struggle? Population? Money? Debt? Banks? Something else? ‘Something else’ is more important than each of the others, but we always say it’s “too hard and will never happen!” And so we continue to plod along in an economic slough of...Decentralisation made easy
As Australian capital cities spill out into their hinterland, our regional cities and towns serviced by good infrastructure are failing worse than ever to attract their share of population growth. Politicians regularly breast-beat about the developmental imbalance,...Boom-bust and the Australian banks
Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George’s...Republish this article
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