photo credit: Congratulations Citizens! The Economist says your home is the most expensive among the advanced countries we generally compare ourselves with. Before you puff out your chest in pride, consider what this means. Mortgage repayments are the heaviest in the...
BLOG: speculation
Six Factors to Flip Negative Gearing into Negative Equity – Someone’s Going to Get Hurt
The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not pretty: it shows the nation’s...
Palatial Profits
photo credit: eb0la An interesting read in today's Age: Palatial Spreads Kept Empty? That's Rich Ghost mansions and land banks are sometimes held by those planning a tennis court or swimming pool. Other people are waiting for their children to grow up. Many are...
A Telling Example
photo credit: pyjama People often grasp our message through simple examples. Imagine a friend buys one of these pictured beach boxes for $12,000 in 1994. Meanwhile, you work hard, doing overtime, saving money, being a solid citizen. During the middle of Victoria's...
Speculators Flipping Our Freedom
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Can the US Treasury learn from mistakes?
photo credit: betta design The $840bn bailout of US banks provides the US Treasury with a unique opportunity. Will the as yet unnamed new Federal agency (which we will call the Bailout Agency), charged with the responsibility for selling off the bad debts of...
Predictable Council Rates Fury
photo credit: nicksarebi In the past year more than 81,000 Victorians have received rates default notices, which then impose a 12 per cent interest charge on the debts. Council Rates are again in the headlines, with affordability pressures crunching into a large...
Oil Speculators take us for a ride
With Oil soon to hit $120 a barrel, public interest is building on the role speculators play in pushing prices higher. India’s Solution for Oil Prices: Ban Speculation by Banning Trading quotes: Buying stakes in overseas oil properties is proving much cheaper for...
Three Dimensional Economics
by Karl Fitzgerald as published in Arena Magazine, Feb-March, 2008, Edition 93 In a period where the twin crises of global warming and the wealth gap are attacking society from both sides, policy makers are continually limited in their effectiveness by a two...
Clyde Cameron on the Wakefield Plan & wage slavery
With the recent passing of the highly respected Georgist Clyde Cameron, we feel it is timely to look at the wisdom of his core beliefs: EXTRACT FROM AN ADDRESS BY THE HON.CLYDE R. CAMERON A.O. But now it is an oversimplification to say that the lessons of the Maritime...