speculation

Predictable Council Rates Fury

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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 number of rates payment defaults. How ironic is it that the charges that […]

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Oil Speculators take us for a ride

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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 India than purchasing crude on the open market. In some areas where […]

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Three Dimensional Economics

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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 dimensional approach to economics. Land prices have increased at 4 times the […]

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Clyde Cameron on the Wakefield Plan & wage slavery

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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 Strike of 1890 were the sole […]

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Brumby Delivers Free Lunch

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The front cover of today’s Herald Sun has a huge photo of Horse Stud owner Steve Spiteri (looking hard done by!) with a caption: ‘Thanks Premier: Steve Hits Paydirt’. Yesterday’s announcement to rezone all land residential within Melbourne’s 2030 boundary has made landowners, typically land bankers and the occasional farmer on the edge of the […]

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Brumby sprawls on affordability

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Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land bankers more money in a day than many earn in a lifetime.” “Questions must be asked why the government is […]

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