Making better use of Water Resources without Water Restrictions o

The community dislikes water restrictions as a way of reducing water consumption. It is fundamentally unfair and is disliked by the authorities and the population so why do we continue to use it as the main way to control the use of water during periods of shortage? The normal economic response to a shortage situation [...]

Letter to CT 25th July – Coal buyers pay for renewables

The Federal government has set a precedent with its recommendation in its emission trading greenpaper to move some excise taxes to emissions permits taxes. The same idea can be used to include China and India and all coal buying customers and countries into an emissions reduction scheme.

Here is how it could work. The [...]

Letter to CT 25th July on shopper dockets

The government is going to compensate households for the rise in petrol prices caused by emissions trading. The question is how best to compensate people for the price increase?The government could experiment tomorrow by giving anyone who purchases petrol a shopper docket that they can redeem if they spend the money received on infrastructure to [...]

Chapter 3 – The information content of money

The information content of money
The evolution of money – The rules of currencies – “Debt money” versus “trade money” – The emergent effects of present currency rules – Attaching information to money
Money was invented to facilitate trade between individuals. Every currency contains information in the way that it captures and measures value, and in [...]