Latest News & Commentary

Ben Bernanke’s False Analogy

photo credit: zen The Financial Sector: "A House Burning Down" Prof. Michael Hudson March 16, 2009 Global Research www.michael-hudson.com/ On the March 15 CBS show "60 Minutes", Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by...

Chinese local government liquidity issues

photo credit: le niners Whilst we're looking at China and the fascinating powerplays of the economic superpowers, we read today that many of China's local governments are struggling to avoid bankruptcy. It turns out that local governments have been financing...

Chinese T-Bill diversification plan

photo credit: BK59 Chinese concern over it's status as the 'T-Bill Republic' is leading to a diversification tactic that could well assist us in our aim for the public to share in the spoils of our natural resources. Wenran Jiang writes in Online Opinion Another...

More budgetary distortions

photo credit: night86mare Fred Harrison will be proven correct with his apt title Boom-Bust 2010. With the Brumby government stepping up to the plate by offering further gravvy to the property lobby train with the $6000 increase in their First Home Owners grant,...

Swan Budgetary commentary

photo credit: atzu We are preparing a booming Renegade Economists radio show this afternoon with none other than Dr Gavin Putland critiquing the budget. The sad thing about the lack of knowledge between infrastructure and land values is that the Ruddites look like...

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...

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 the things...

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 at the time, but was satisfied that...

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