Tohm Curtis continues his slightly sarcastic journey into the underpinnings of economics Okay in Lesson 1, I concluded with the not so startling revelation that the economy was ultimately limited by the external environment or reality. Economics is a science because it’s constrained by reality, and hence people use observations to make predictions on how the natural environment will behave. … Read More
The Entrance Fee to Life & Palin’s Potential
photo credit: Mike Licht, NotionsCapital.com The ability to charge rent is in effect imposing an entrance fee to life on this planet. Having a wise old supporter in George Jukes placating the office over the last few days, we were reminded of the wisdom of Roots Revolution stocked deep in the vaults of this website. Written in 1985, Steve Wall … Read More
Speculating on this perfect life
photo credit: thmcmahon Vanuatu was judged the world’s happiest nation in 2006. However, with the growing privatisation of land title, their idyllic lifestyle is being carved up and sold off to the highest international bidder. A concerned chief from South Santo, Mack Paiiamaja, has expressed serious concerns regarding massive uncontrolled land speculation and sub division development happening within Santo. Land … Read More
Sales Plummet – Suprise Suprise
photo credit: Daquella manera MELBOURNE’S property market has slumped dramatically over the past three months – and by a staggering 44 per cent over the past year. We must reiterate that buyers are on hold because land prices have escalated to such epic proportions. Auction prices now constitute over 7 times the average wage, more than double the long term … Read More
Economic Rehab: Scarcity
Tohm Curtis continues his slightly sarcastic economics 101 series photo credit: technicolorcavalry The most common constraint on fulfillment of wants is time. I cannot write this post, and go to the beach and swim. I have to do one or the other in that same portion of time. There are only so many days I am alive, I have to … Read More