Latest News & Commentary
Hudson: Wall St Moves in for the Kill
photo credit: elodole MICHAEL HUDSON Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed...
GAIC fails to sprawl
The Brumby government's ill-fated Growth Areas Infrastructure Tax was defeated in the Victorian Senate last evening. This spells the danger of poor land policy. Why did they attempt to charge $95,000 per hectare as a flat fee? Why wasn't this infrastructure cost...
Investors understand economics re Resource Rents
Surprise! A new Age survey found that investors were concerned about the Henry Review's proposed Resource Rent Tax: ... a staggering 92 per cent believed that the higher taxes would hurt the share prices of resource stocks. Long-term effects were also considered, with...
Raising Revenue from Mineral Deposits
photo credit: ToOliver2 Dr Gavin Putland Taken from the Dec - Jan edition of Progress. Download Progress (8MB) If a “site” is a piece of ground or airspace, then the “rent” of the site is simple enough: it is the price per unit time that the highest rational...
Mental Health and Property Bubbles
photo credit: xeeliz Our colleague Gavin Putland is quoted in this article by Leon Gettler: Predicting when the property bubble will pop is bad for your mental health PROPERTY bubbles suspend laws of supply and demand. In markets for widgets, demand goes down when the...
The New Junk Economics: Hudson
It's hard to keep up with Professor Hudson's rapid fire work rate. Wash the dishes to these 2 key interviews. Guns and Butter - Obama's Republican Class War Presidency - February 3, 2010 at 1:00pmClick to listen (or download) Guns and Butter - The New Junk Economics:...
Liberal Party’s report favours guess what?
photo credit: Hyaground Peter Martin, the journalist with the biggest sieve (catching all those Henry Tax report leaks), wrote recently on the LP's highly secretive Ergas report: The report proposes an annual land tax that would extend to the family home and would be...
Hudson – The Bernanke Reappointment: Be Afraid; Be Very Afraid
Michael Hudson If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the...
Income Tax and Hudson on Obama’s Economy
Read Hudson's latest interpretation of Obama's economic policies: At stake now is President Obama’s credibility as an agent for change. Voters see his main “change” thus far to have been favoritism to Wall Street. Jay Leno jokes that Obama has done the impossible:...
Chinese Govt Warn on Land Hoarding
photo credit: With debate over the impact of China's real estate bubble leading to a stock exchange 'flu' this week, moves are afoot as: ... today's Beijing Youth Daily reports that the Ministry of Land and Resources recently released a list of 18 land development...
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