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Treasury to Gillard: “Fix Housing.”

photo credit: itmpa Last week Treasury made public its Red Book – the economic advice it gives to the incoming government. In it, Treasury lays out a big, bold reform agenda.  On housing, the Red Book is scathing: “Access to adequate housing affects all Australians...

Ending the Fire Services Levy – almost excellent

At the moment, Victoria’s Metropolitan Fire Brigade and Country Fire Authority are funded by the Fire Services Levy, a charge added to fire insurance. But the FSL gives a free ride to uninsured property owners – they don’t pay for the level of fire cover provided....

Did you remember to sell the house today?

Prof. Ross Garnaut gave the Hamer Oration at Melbourne University on Thursday. He pointed out that Australia has not experienced a recession for 17 years, a record for The Lucky Country. Such a period of unbroken growth is not just an Australian record, it is a world...

Victoria’s Transport Plan a No-Brainer

    photo credit: Schaffner Sometimes the ignorance of experts makes my blood boil.  Why can’t they do the arithmetic, the sums plainly before them? The Victorian Transport Plan will cost $38 billion and produce benefits of $180 billion, according to a...

Australia’s Needless Foreign Borrowing

photo credit: Adam_T4 Michael Hudson and Shann Turnbull* 
            Confronted by the global financial crisis that is burying foreign economies deeper in debt deflation each month, Australia needs to protect itself – indeed, to liberate itself from as many costs and...

Like Gold in a Coal Mine

photo credit: 10b travelling   Clear-eyed media commentary in the national interest is rare and sweet. Alan Mitchell’s analysis of the Henry Tax Review in the Australian Financial Review –  A tax on all your economic rents  – is such a creature. He...