Australia’s Addiction to Private Debt
by Philip Soos and Paul D. Egan A perennial and divisive issue in politics and economics today is the matter of public debt. It is commonly asserted that rising public debt threatens the economy and needs to be…
David Collyer
New Stonnington parks to enforce land scarcity
Chris Vedelago at The Age has exposed a fascinating land-play by Stonnington Council, enforcing scarcity and lifting land prices in the most valuable residential municipality in Melbourne by adding to insatiable demand with its own house-buying to demolish and make…
It’s Raine-ing elderly property investors
Angus Raine of RE agents Raine & Horne burst into song about property taxes in a letter on page 55 of the Australian Financial Review today – and what a nice cartoon, Clement! Angus wants Stamp Duty tax breaks…
The Housing Supply Chimera
Australia is a mirror of other countries where high housing prices were also blamed on a shortage, always revealed, in hindsight, to be a chimera.
Hallelujah! The tax reform pathway becomes clear
An Australian political party has boldly stepped forward with a proposal to reform taxes to make housing affordable and end the destruction of tens of billions of dollars of taxpayers money in deadweight losses each and every year: that party is the Australian Labor Party.
Shortage-sceptic Prosper Australia shocks Senate committee
Prosper Australia shocked the Senate Economics Committee inquiry into Housing affordability with the view we have no supply constraints – because rents haven’t budged. They have been hearing from every vested interest that Supply! Supply!! Supply! is the key…
Henry George—A Radical American Original
Henry George has been called the most original American economic thinker of the 19th Century. He was a radical whose theories vied with those of Karl Marx for the allegiance of working people and thelabor movement. He spearheaded a wildly popular movement that at its height was shaking American politics and influencing Populism and…
E.J. Craigie Writing Award winner – Catherine Cashmore
Some years ago, Prosper made a deliberate decision to join Australia’s economic debate, to advocate reform and contest poor policy wherever it rears its ugly head. To further this, we are proud to institute the E. J. Craigie Writing Award…
Economic rents must become part of the public discourse
An economics professor planned to live without acknowledging land.
He would have succeeded but found that he needed food, clothing and somewhere to stand.
Cost-Shifting Stamp Duty – Onto You
If taxpayers are to endure the upset of tax reform, then the change should be to best practice – the tax bases economists have identified as causing the least harm.