Liberate labor and enterprise

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...

Obfuscating Economic rent

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...

Australia’s world-beating real estate

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...