Australians are addicted to debt but we can’t afford to keep borrowing at current levels forever. ‘Deeper in Debt’ is CPD fellow Steve Keen‘s analysis of Australia’s looming crisis in housing affordability and private debt.
The government’s announced reforms to the tax concession further undermines the potential of superannuation to significantly contribute to either the assets available to workers when they retire or the fiscal sustainability of the Budget as… more
Ian McAuley draws our attention to a report that Chris Bowen, Minister for Financial Services, released in the sleepy season – the Johnson report on the finance sector
Ben Spies-Butcher questions claims that the Liberals’ flat tax proposals are either simpler or fairer.
John Quiggin calls for, if not a People’s bank, at least a new inquiry into the financial system.
CPD Fellow, Ben Spies-Butcher considers how tax breaks are transforming Australia’s welfare. Are these new forms of social security promoting self-reliance or more welfare for the rich? If you’re in Melbourne, come along to this… more
From the time Lehman Brothers filed for bankruptcy last September, most politicians and public servants have been busy trying to contain the damage of the global economic crisis, without paying much attention to the economic… more
An extract from the UK’s New Economics Foundation on creating economic recovery ‘From the ashes of the crash’.
One of Australia’s least fair and least effective forms of public investment is still growing like topsy. In this paper for the Centre for Policy Development Dr Ben Spies-Butcher and Adam Stebbing uncover Australia’s hidden… more
High risk financial activities are not sustainable, writes Joe Nagy, in this review of the lead-up to last year’s meltdown: “The recent global financial meltdown began in America and spread… more