If history has taught us anything, it’s that economic trends are constantly subject to change. Excesses in one direction are invariably corrected. Some sooner and others later. But in due course, balance is restored. Which is…
The greatest regret our nation should have is that we did not have a recession much sooner. Aussies have been lulled into a false sense of security. The longer a system appears to be stable,…
Creating wealth solves some problems but also creates others… One of the potential side effects of wealth is affluenza. Affluenza can be described ‘as a dysfunctional or harmful relationship with money and wealth or its…
The dynamics behind 20th century economic growth have changed. For almost 9/10ths of the 20th century, the Western world enjoyed the majority of the gains from global growth. That all changed from 1990 onwards. Wage…
Expecting the economic growth rates of the past to be reproduced over the coming decades is, in my opinion, a very grave error. The components that provided the initial propulsion for the 20th century’s economic…
Is climate change a contributor to the bushfires? If you actually believe in climate change, you could argue the hotter, drier conditions are a contributing factor to the bushfires. But our sunburnt land has experienced…
Warren Buffett expected the Dow Jones to be over 1 million points in 2117. He made that prediction when the Dow was at 22,370 points. Let’s look at some maths…
Our nation’s once-robust economy continues to shrink. The RBA’s role was to act with restraint. To set limits with a built-in margin for error. Rates should have been kept much higher.The economy should have been…
The grander the plan, the greater the potential for disappointment. What if your plan was to create a perpetual economic growth machine? What happens if that plan worked a treat for decades and then goes…
People trust the RBA to act responsibly in its management of the Aussie economy. The short story is the central bankers debt-dependent economic growth model is doomed to fail…