by David Collyer | Feb 1, 2011 | Commentary
photo credit: mtsofan Panics do not destroy capital – they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works.” – John Mills* “Credit Cycles and the Origins of Commercial Panics”, 1867. Around the...
by David Collyer | Jan 27, 2011 | Articles, Commentary
photo credit: Jono Haysom The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000. The floods are a disaster for all caught up in them. Our hearts...
by David Collyer | Jan 25, 2011 | Commentary
photo credit: Laurie | Liquid Paper The agenda of landowners never changes: shifting taxes off land onto labor and capital is a battle fought every day in every way. Dr Gavin Putland has an excellent letter in the Australian Financial Review today. Recommended...
by David Collyer | Jan 25, 2011 | Commentary
photo credit: pierre pouliquin The seventh annual Demographia International Housing Affordability Survey is out. Australia is still a world-beater: our house prices are judged Severely Unaffordable in almost every city. Sydney comes second to land-constrained Hong...
by David Collyer | Jan 20, 2011 | Articles
photo credit: Express Monorail Australians have a disturbing mind-set: we prefer foreign experts over our own. People like Steve Keen and Gavin Putland make waves overseas with their valuable commentary on The Great Australian Housing Bubble, but are ignored at home....