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BLOG: Commentary
Single Renters Miss Out on the PM’s Lifeboat
photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age - Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with...
Greenspan Wrong – Admits Ideological Impurities
photo credit: trackrecord Jeffery Sachs was heard sniggering on local radio this morning at the extent to which Greenspan admitted fault. Greenspan has shocked the world by admitting his world-view was incorrect. Referring to his free-market ideology, Mr. Greenspan...
Economic Madhouse video
Renegade Economist Press Conference
$45 Trillion Wipeout – Harrison
Following this excellent clip, you must read why - Boom Bust 2010 (scroll down) and understand how we can avoid this situation in the future.
Rudd Bails out the Wealth Gap
photo credit: mdumlao98 Prime Minister Rudd's $10bn 'economic security strategy' is another blinkered response. A decade of record economic growth has done little for the aussie battler. Record prices for iron ore have cascaded into the deepest pockets in the nation,...
The Tale of the Wealthy Bludger
photo credit: Celeste33 Anne Schmid We do not blame the poor for being poor, or suggest that it is because they are lazy or incapable of earning a living. Likewise, is it altogether hard work and enterprise that has made the wealthy rich? Could there be bludgers among...
Great Depression heading our way – Mason Gaffney, Steve Keen
Now you've seen Steve Keen deliver a damaging analysis on the 7.30 report, listen to Professor Mason Gaffney call a Great Depression (on yesterday's Renegade Economists) and why current economic policy will only prolong the negative outlook. Dr. Michael Hudson was...
Asset Bubbles always end in tears..
photo credit: sekundo Throw out the theory! That's what policy makers are doing world-wide. From neo-liberalism to neo-handouts, one must ask what has happened to confidence in free market theory? Which leader in the western world will stand up? Failure to address the...
Prime the Printing Press
photo credit: PhotoGraham That is the call as the bankers bailout of US$700bn gets rejected by US Congress. Meanwhile the US Fed has the printing presses running at just about as much - US$630bn. Kohler says: Essentially Congress has ensured that for the moment at...