Reserve Bank decision time: good luck Australia! - Steven Hail On the first Tuesday of every month (except January, when they are all off on their holidays) the governor of the Reserve Bank of Australia (RBA) meets with the deputy governor, the Treasury secretary and six other worthies (all … [Read more...]
Federal Treasury finances
Federal Treasury finances: a functional perspective - John Hermann We know that modern monetary theory offers an analysis of the flow of money within our economy, and in undertaking this task it utilises some basic insights, including its recognition that bank credit money and banking reserves are … [Read more...]
Enclosure day?
Enclosure day? - Colin Cook Land was the first community asset to be ‘privatised’, taken over for private use and benefit. Way back in the mists of time, long before King Arthur burnt his cakes, long before the British Isles were so named, all land was common land; none was ‘owned’ by anyone but … [Read more...]
Keating and the consequences of austerity
Keating and the consequences of austerity - Rob Holmes It was Max Planck, now regarded as a modern-day secular saint of German science, who said that new ideas tend to advance with funerals. That is, old ideas die with those who hold to them. It was Planck's discovery of the quantal nature of … [Read more...]
