Economic Reform Australia (ERA) is a not-for-profit and non-political organisation, whose goal is to educate and advise decision makers and the community about the economic foundations of a financially stable society based on social justice and ecological sustainability.


11 January, 2017


Welcome to the new online home of Economic Reform Australia.

Content is still being added to the website. Follow us on Facebook for updates.

1 September, 2016

Next ERA Review

Copies of each issue of ERA Review are usually distributed around one week into the first month nominated for that issue. Keep an eye on your mailbox.

It is intended that the Mar-Apr 2017 issue, and all subsequent issues, will embrace a new format.

What are our aims?


A just and
sustainable society.

The prevailing economic system does not operate for the common good or the benefit of Australia as a whole, but rather, to enhance the wealth of powerful vested interests. This results in unsustainable social inequality. There should be a reorientation of priorities, in order to ensure that the welfare of the majority of our nation's citizens is placed ahead of the welfare of large institutions and corporations.

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Financial, banking,
and taxation reform.

Abnormal monetary measures used to address the global financial crisis have failed to bring about a real recovery. The financial system remains unstable and inequality has increased. The needed additional purchasing power should be implemented through greater government spending. Taxation should be progressive and banking adequately regulated.

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Commitment to democratic

Democracy means the active participation of citizens in those decision-making processes which affect their lives - implying an open, fair and representative system of government, as well as national economic sovereignty and the full scrutiny and accountability of all economic processes.

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Change for the
common good.

The word "reform" implies change for the better - and it should be taken to mean improving the health, welfare and social and financial security for every citizen within our society, consistent with preserving and improving the environment, and without selectively advantaging a privileged elite.

To learn more about ERA, head over to our about page.

Why become an ERA member?


Membership provides you with information and education about the ideas viewpoints and insights of the wider aspects of economics that are not understood or are ignored by mainstream economists.


Membership gives you a broader understanding of the way economics affects everyone’s lives.


Membership means you are contributing to developing an economic system that supports our environment and the further development of our society.

To become a member, visit our membership area.

Latest Posts

Creation and destruction of bank credit money

18 March, 2017

It is well known and understood that the nation’s money supply overwhelmingly consists of deposits within bank accounts of an intangible entity known as bank credit money. This form of… continue reading »

Federal Treasury finances: a functional perspective

17 January, 2017

Modern monetary theory (MMT) offers an analysis of the flow of money within our economy, and in undertaking this task it proceeds from some basic assumptions, including the propositions that… continue reading »

Frequently Asked Questions

Where does money come from, and who creates it?

What caused the global financial crisis?

Is government spending inflationary?

Want to learn more?
Take a look at our FAQ page.

Any Questions or Comments?

Send us an email with your question and we will be sure to get back to you quickly.