Latest News & Commentary
Frank Ramsey was verballed
Frank Ramsey formally studied mathematics but diversified into philosophy and economics. Among economists he is famous for proving that if the tax system is to raise a given revenue with minimum deadweight, each commodity should be taxed in inverse proportion to its...
Prosper’s submission to Victoria’s Local Government Act 1989 Review
review-of-local-government-act-1989-prosper-submission
AFR deafens its readers
The Australian Financial Review today 19 September has no less than four articles disputing the existence of The Great Australian Land Bubble. Your civic duty to buy, buy buy by Jennifer Hewett Page 2 RBA hoses down property bubble talk by George Liondis and Jonathan...
The Taxing Question of Land
In the Summer of 2013, the Centre for Economic Justice commissioned a documentary to discuss the relevance of LVT in the UK. 'The Taxing Question of Land' was launched at the Royal Society of Arts in September 2013. Complex tax systems allow for avoidance, evasion and...
A Georgist explanation of ‘fiscal devaluation’
Payroll tax is a reverse tariff: an inland payroll tax feeds into prices of locally produced goods and services, including those intended for export, but exempts imported goods and services up to the point of importation. In contrast, a Value-Added Tax (such as...
Saul Eslake: 50 Years of Housing Failure
Address to the 122nd Annual Henry George Commemorative DinnerThe Royal Society of Victoria, Melbourne 2nd, September 2013 by Saul Eslake An edited audio recording of the presentation was broadcast on this week's Renegade Economists radio show. Note: The opinions...
Supply side reform concern
The following is an article published in Online Opinion today. Dymphna Boholt, the focus of this article, released an enews on the day the ABS 8 Capital Cities index was released (revealing a national 2.4% upkick in prices) entitled "Are you accountable for your...
20 Investor Advantages
Updated April 2016 Location, location is a crucial real estate strategy but ignored in neo-classical economics. This leads to poor economic policy that ignores the natural advantage of owning a prime location over running a business. Investors hover around 50+% of all...
Bid me up, Buttercup
The property price argument goes on and on. The already-invested need the next wave of ‘greater fools’ to blimp prices higher. They do not care whether this comes about through productivity gains, inflation or a greater appetite for risk and debt – just bid me up,...
Property bubble? That’s the theory, anyway
By Philip Soos Reprinted from The Conversation As Australian housing prices have boomed over the last decade and a half, there has been much discussion over whether a bubble exists in the residential property market. More recently, the concern is the record-low...
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