photo credit: JosephLeonardo Renegade Economists podcast Professor Michael Hudson discusses the G20 plans (austerity for prosperity), natural monopolies as wealth extracting machines and China’s possible isolationist future in light of its increasingly useless trade surplus. Listen here Music by Lucky Dragon

The Anti-Gentrification Festival, held in conjunction with Craft Cartel, kicked off on Sunday at The Birmy. Highlights included a talk from Earthsharing’s Karl Fitzgerald about land tax reform, a highly professional lagerphone making workshop directed by Alica Bee (she was colour coordinating the bottle-caps, this lady takes her lagerphone making VERY seriously) and a surprise [...]

Phillipe Legrain First published in The Times as Tax land: it can’t be hidden from the Revenue Filling the gaping hole in the Government’s finances is, in George Osborne’s words, the “great national challenge of our generation”. Unwise spending cuts and tax rises could sap economic growth; unfair ones provoke political unrest; inaction a market [...]

photo credit: fMoya With auction numbers at record levels, it seems that the pursuit of the greater fool is well underway. Melbourne’s May auction levels were the highest on record and this coming weekend could see almost double the June average of properties up for sale. Yesterday’s ABS figures on housing lending shows how genuine [...]