Fred E. Foldvary In economics, the waste of resources caused by a tax has two names. One is the "deadweight loss," a loss to the economy with no offsetting gain. The other name is the "excess burden," since the burden on the economy is in addition to or in excess of...
BLOG: Commentary
Rental Yield and Returns for All
Today's Age Artice Higher Rentals Seen as Spur for Investment by Chris Vedelago is a good prompter to peer behind the curtains of rental yield. Despite the headline quoting a new report saying that gross rental yields are at an attractive 5.5% for investors, CommSec's...
ABC TV on Canberra Land Rent proposal
Interesting developments in Canberra can be tracked via this ABC report: Buy the house, rent the land: ACT's new housing plan. As many will know, it's not the first time this has occurred. Read one of our most popular web pages: Canberra's Land Leasehold system (1910...
Everybody Works but the Vacant Lot
What else need we say? Understand why making ends meet is such a challenge and what we can do about it.
Don’t Shoot the Rabbits! We’ll need to eat them!!
Robert J McAlpine, President Prosper Australia The time for thinkers on economic matters has come! By neglecting the field of property valuation, mainstream economists have missed some of the most important factors in market price determination There exists an almost...
An Independent A.C.T Taxation Policy
This article was presented at a late 1980's meeting prior to ACT self government and published in the Canberra Times. Terry Dwyer ACT finances will come from three sources - taxes, grants and borrowings. I do not propose to say much about borrowings because borrowings...
Podcast the Renegade Economists
Listen to the world's only geonomics radio show by subscribing to our podcast. Follow these 3 easy steps to have your computer automatically download each week's show: copy this link: http://3cr.org.au/podcast/podcast.php?cat=RenegadeEconomists go to your ITunes,...
Empty Dwellings During Housing Crisis?
Today's Sydney Morning Herald article on Empty Dwellings in a City Desperate for Places to Live has exposed the raft of vacancies prevalent when land banking trumps housing affordability. It quotes how 122,211 sites were vacant in the 2006 census, reminding us of the...
Melbourne Rents deliver a smile for some
Saturday's Age article on Melbourne's rental growth outstripping all other states is reflective of current government policy at all levels - local, State and Federal. When combined with record immigration levels, property flipping will continue unabated. Prosper...
Budget Surpluses, Sovereign Funds and the slide of the US Dollar
Yesterday's Federal budget surplus of $21.7 billion raises the spectre of a global trend tied to the principles represented on this website. Take the foreign reserves of Singapore (US$176bn), Hong Kong (US$160bn) and Russia (US$563 bn). Singapore and Hong Kong have...