Letter to CT Dec 19th – Australian recessions

The two greatest recessions in Australian history in the 1890’s and the 1930’s occurred after a major increase in household debt. Current Australian household debt is twice the level it was before the recession in the 1890’s and three times the level before the 1930’s. Debt is rising at a rate of $20 billion per [...]

Letter to CT6th Dec 07 – Broadband Rollout

The Federal Government is committed to building a new broadband network for Australia. As part of that process it will fund 50% of the rollout through the future fund. This money will be spent on what is called the “last mile” of connecting from the house to the exchange. One suggestion to reduce the cost [...]

Letter to Editor CT Dec 1st on tax cuts

Peter Martin (CT Nov 27th) suggests that the new government will have to somehow delay tax cuts or find some other way to reduce demand. Here is one suggestion. Give all the tax cuts but ensure that the tax cuts are spent on something that would be purchased anyway. For example give the tax cuts [...]