Fixing politics:  How to get rid of political hacks and vote for change in Australia

Are you completely fed up with Australian politics?

Fed up with career politicians who can’t even read the constitution and renounce claims to privileges granted to them by foreign powers?

Fed up with politicians who seem more interested in rorting perks and entitlements?

Fed up with politicians who seem more interested in what some large corporaion or foreign donor want than what the people who elected them want?

Fed up with politicians working hard to sell off Australia to foreign buyers bit by bit?

Fed up with Free Trade Agreements that close down our factories and make it easier for foreigners to buy what our politicians are eager to sell.

Fed up with politicians who resign and the next day take big fat jobs working for the outfits who were lobbying them the day before they resigned?

But don’t know how you can make a real difference? Continue reading

A 3 Step Plan to drain the Australian economic swamp

The Bank of American Merrill Lynch reportedly thinks the RBA monetary policy lever might be broken, while many other are concerned that the rising levels of interest bearing public debt incurred by Mr Scott Morrison may soon be reaching its limits.

Monetary policy exhausted and fiscal policy not far behind?

Fancy that.

Guess we are all out of options then and should just curl up and sob in a corner. Continue reading

What do people mean when they say “Sydney is full”

The media in Sydney is currently full to the brim with stories about the fullness of Sydney.

Some people like former NSW Premier Mr Bob Carr reckon Sydney was full 20 years ago.

Others argue it started to overflow the lip of the teacup a couple of years ago after the rate of immigration into Australia – which means mostly Sydney and Melbourne – was given a massive boost by John Howard and Peter Costello in the early 2000’s with the tap left on full by successive governments.


Continue reading

A Productive Banking system? A job for RBA and APRA.

Macrobusiness ran a post today about a suggestion that Central Banks like The Reserve Bank of Australia should target nominal GDP growth.  The article was critical of the proposal and identified the central failing of the Australian economy over the few decades as too little productive investment.

As regular readers of The Glass Pyramid would know, this is a topic close to the furry heart of TGP Head of Research. Continue reading