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…
photo credit: country_boy_shane At least Timothy Geithner is showing a little spunk with his new shared equity plan. The government puts in effectively 93%, and the lucky bankers chosen put in just 7%. How does it work? Both the government…
photo credit: Genista Dr Michael Hudson tells it as it is on KPFA’s Guns and Butter! Make yourself a cup of tea and kick back to the real story!
The Bank of England now admits that the UK government failed to provide it with the tools needed to deal with boom/bust, according to an interview tonight on BBC’s Panorama programme. The missing tool was tax policy. “That’s why we…
photo credit: Poppyseed Bandits When: 7pm, Thursday Dec 11th Where: Prosper Australia, Frank Halkyard Library, Level 1/ 27 Hardware Lane, Melbourne Why: Because the US style bailout is heading our way Who: Fred Foldvary is the Senior Editor of the…
photo credit: Joel Bedford Mason Gaffney October 25, 2008 In a follow up to Professor Gaffney’s The Great Crash of 2008, he now delves into how credit can be freed from the current crisis. The Great Reckoning awaits… 1. Introduction…
photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep…
Thurs Nov 6th, 6.45 pm featuring Dr Gavin Putland Download flyer Which politician will use the ‘recession we could have avoided’ line? Rest assured Paul Keating will be invited. Dr Putland will discuss why asset price bubbles always end in…
photo credit: trackrecord Jeffery Sachs was heard sniggering on local radio this morning at the extent to which Greenspan admitted fault. Greenspan has shocked the world by admitting his world-view was incorrect. Referring to his free-market ideology, Mr. Greenspan added:…
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