Latest News & Commentary
Time to stop rewarding economists for bad behaviour
Reprinted from The Conversation. Since the beginning of the global financial crises in 2007, there have occurred numerous economic and financial crises around the globe, plunging often prosperous nations into hardship and even near bankruptcy. These crises, typically...
Portuguese Renters Party
Support the Portuguese Renters Party. Read why
LVT and Land Use
Frank de Jong highlights how the privatisation of the naturally rising value of land plays out on a city and the developments that both do and don't result because of this. A great learning piece.
Tidal Race
Tidal Race. Definition: a stream of exceptionally fast tidal flow created when the tide is forced through a constriction. Australians are saving like mad and quickly paying down debt. But we stand in a Tidal Race, where the water rises faster than a person can run....
Understanding Cause and Effect
Reposted from Bryan Kavanagh's thedepression.org.au, an excellent source of dissident economic analysis. It helps that he is correct. If you jump off the top of a tall building, you’ll go splat at the bottom: that’s simple physics. We are told economic laws are not as...
Another loser renovation
Corrected at 1730 to adjust (upward) the renovation figure. Many thanks, Steven Shaw for pointing out my error. Toby Johnstone is out again in the SMH recording how two brothers wasted nearly two years of their lives and endless toil renovating a Cleveland Street...
Land Rent = Job Creation
A nifty clip from our South African colleagues Karen Cooper and Peter Meakin. Of note is their useful method comparing 300Rd p/m in land rent to the 60,000Rd we currently pay to banksters.
Tax reform and climate change
The Productivity Commission has just released a draft report on climate change adaptation for public comment. The report examines economic reform options in two broad categories: adaptations to uncertain future climate trends with benefits only under certain climate...
Muck in Marrickville
Today's Sydney Morning Herald has a breathless article about a flipper couple who bought, renovated and have for sale a Marrickville terrace. The underlying message: there’s profit in the renovation game. My back-of-envelope calculations based on the article’s figures...
Ride for free or pay the fine
In his second budget, Victorian Treasurer Kim Wells is aiming for a surplus of $155 million, of which $109 million is due to increased fines. The Government has budgeted for $662.5 million in total fines, including $306 million from road-safety cameras, in 2012-13....
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