Mr Bowen, the Shadow Treasurer, has given a speech in which he is reported to have made clear that a Royal Commission into banking must be thorough and carefully look at the banking […]
Banking Royal Commission: Bowen says do the job right!
Bligh and Baird: Brazen private bank spruikers.
Nothing like an industrial grade testing of the gag reflex first thing on a Monday morning! A flock of recently retired senior politicians from the major parties are out and about, with […]
The Greens: Can they avoid the fate of the Australian Democrats?
Are the Greens on a slide that ends in oblivion or just suffering a loss of direction? Across the land many are wondering. Everyday, the Greens become more and more like the […]
Usury – Always bad or only sometimes?
Over the weekend regular MB commenter “footsore” linked to an article regarding usury (charging of interest) and how and why it become ‘respectable’ (**cough cough**) after a long history of prohibition, restriction and […]
Bankers Attack: South Australia must stand firm on Bank Levy
This morning on Macrobusiness there was a call for the state governments across Australia to work together to support a Bank Levy that is distributed to the states and not Canberra. “..The […]
Westconnex – For Western Sydney the great toll rip-off starts in August.
Only 6 weeks to go before Western Sydney drivers find their wallets feel a lot lighter each week as the NSW government turns on those new toll readers over the M4 near […]
Decentralising Australian cities. Why the dream is as far away as ever.
Decentralisation? The dream throughout Australia’s history and a key driver for the creation of Canberra and the government investment in Albury Wodonga in the 1970s. Today the dream lives on as […]
APRA Watch: Non-bank lenders? “LOOK SQUIRREL!”
Michael Pascoe spent some time last week arguing that having APRA do something useful for a change, i.e. restrict unproductive credit creation by our big 5 taxpayer guaranteed banks, was a bad […]
Bank Royal Commission: The wisdom of Ben Chifley in 1937
Although the Turnbull government recently decided to impose a small Bank Levy on the taxpayer protected five large private banks, it remains a very “banker friendly” government and it has been insistent […]
Privatisation of Public Money – The first and worst privatisation
Macrobusiness this morning really got stuck into the rotten state of Australian political economy. Hurrah! The Glass Pyramid made the following contribution to the ensuing debate.
NSWOSR Watch – Gladys keeps foreign buyer data top secret
The March data on Stamp Duty paid in NSW has been released by the NSW Office of State Revenue and still the Gladys foreign buyer “Secret Business” continues. As noted in past […]
Budget Watch: Good debt, bad debt, jubilees and helicopter cash
Footsore Cheers for that. It was an interesting interview and well worth the time. http://www.debtdeflation.com/blogs/2016/12/13/prof-steve-keen-on-private-debt-and-his-solution-peoples-qe/ Though I am surprised that Steve Keen is still pushing the idea of a “Debt Jubilee” as […]
Foreign Debt – Gittins gets it wrong….again
It has been a busy week at the Glass Pyramid as a cloud of confusing and obfuscating commentary on “Foreign Debt” has again descended on the nation. Never have so few worked […]
Scott Morrison’s job killing Foreign Debt addiction
We don’t hear too much about “foreign debt” these days. Neither the foreign debts owed by our private companies and private banks nor the foreign debts owed by our governments especially the […]
Australian Debt: A “Watcher’s” guide
The following comment was made in response to a comment at Macrobusiness EP, “..The slightest withdrawal of the economic stimulant (debt) plunges an economy into depressive conditions…” “..There are other forms of […]
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