If you think our budget deficit is bad…
Watch the Federal Reserve being questioned about where the trillions in loans have gone since this bailout era exploded 8 months ago. Watch the woman to her right.
Karl Fitzgerald
I am the webmaster. I work full time promoting the urgent need for the public to gain a share of the earth's worth. Our projects help to raise awareness of this crucial issue.
Property Rights: Problem Or Solution?
photo credit: country_boy_shane Ben Payne Ben is a scholarship holder and studies Politics and Philosophy at Melbourne Uni Discussions of property rights frequently focus on economics. However, in all schools of economics—both orthodox and heterodox—little attention is paid to the…
Two cheers for Ken Henry
by Gavin R. Putland A speech by Treasury Secretary Ken Henry on “The Future of State Revenue”, delivered on Mar.27, belatedly received some coverage in the Australian Financial Review on May 5. At one point Dr Henry said: Globalisation means that…
Government Needs To Be More Savvy on Land Tax
photo credit: The Rocketeer The State Government has come under more pressure from the property lobby in Government Criticised for not cutting Land Tax “The Treasurer should have provided stamp duty and land tax relief as measures to stimulate demand…
Economic Misinformation shot down
photo credit: rick A few months ago Bryan Kavanagh had this excellent piece published in the Age – Breaking In on the Rent Seekers. It solicited a response from the IPA’s Sinclair Davidson. I probably should have stripped it apart…
US Mortgage Brokers Lobby a Win
More at The Real News A win for them, further strangulation of the US economy for the rest. By failing to allow those at-risk mortgagees to negotiate a more realistic mortgage, this will send many more famillies to the wall,…
Why pick on Pratt anyway?
photo credit: Xava du [photographer padawan] Letters to the Editor THE AGE April 29, 2009 Dr Gavin Putland The supply of land is fixed; they’re not making any more of it. Therefore the owners of land automatically constitute a cartel,…
Hudson: Financial Barbarians at the Gate
Guns and Butter – April 15, 2009 at 1:00pmClick to listen (or download) In one of the most compelling interviews of recent times, Michael Hudson talks about economic warfare like few others. In a wide ranging interview discussing the GFC…
Vanuatu’s Sovereignty Surrendered
How independence was never intended to mean freedom When: Thurs April 30th, 6.30 for 6.45pm Who: Karl Fitzgerald, Prosper Australia Project Coordinator and 3CR’s Renegade Economist. Download Flyer Vanuatu means ‘Eternal Land’. However, our recent visit to these idyllic lands…
Real estate bubble? Been here before
photo credit: dave_7 Polly Cleveland Economists conventionally attribute the Great Depression to blunders by the then-new Federal Reserve Bank. According to this story, promoted by Milton Friedman and the Chicago School, after the stock market crash of 1929, the Fed…