photo credit: mhalon as according to Tohm Curtis a new series outlining why Economic Rehab is crucial What does ‘Economics’ mean…there’s some confusion as to whether it is a science or a philosophy? Wikipedia can provide some insight into the history of economics. I think though that maybe the simple starting point is: Economics is the study of reality. Okay … Read More
Bailing out the Bubble’s Enablers
photo credit: laurenatclemson Michael Hudson July 14, 2008 I am writing this article about Fannie Mae and Freddie Mac while sitting in the Queens Botanical Garden. This was not my plan today. The central air conditioning in my apartment broke down six weeks ago, and still has not been fixed. (It’s a nice condominium building, but accidents happen.) It is … Read More
Garnaut’s Limitations
Following the release of this week’s Garnaut report on climate change, much has been made of the exemptions smokestack industries are lining up for. Another handy diversion is the debate over whether India and China wll be involved in any emissions trading system (ETS). Who put the carbon into the atmosphere in the first place? Both are wedge issues that … Read More
The Village Green, Urban Sprawl and Affordability
Andrew Sadauskas It was a cold Thursday morning when I set out on my quest. My mission? To find the heart of Melbourne’s housing affordability and traffic problems. My quest took me to the middle of Melbourne’s great southeastern sprawl, which now stretches as far as Pakenham. After a morning spent hunting for it on Melbourne’s public transport, I reached … Read More
Toronto Collects Economic Rent to Finance Infrastructure
Frank de Jong, Green Part of Ontario Leader Frank toured Australia this time last year for the True Cost Economics Forum. He wrote this piece in lieu of exciting developments in Canada. For the first time to my knowledge, Toronto will be collecting economic rent to pay for infrastructure — in this case to redevelop a section of a busy … Read More