The Morality of Making Money
The money supply in Australia increases by at least 10 billion dollars each month. What does this actually mean? As money can be considered a measure of wealth it means Australia could be considered to have become wealthier by 10 billion dollars. This is new money that does not yet represent [...]
Google has opened a competition for people to give ideas freely to benefit the world. The competition is at http://www.project10tothe100.com
We have entered the competition and our video can be found at http://www.youtube.com/watch?v=ePleIvktfCw
10. What one sentence best describes your idea? (maximum 150 characters)
Reward individuals for consuming less but require the Rewards to be spent on ways to benefit the whole community while helping the [...]
The Question of Water
The problem with water restrictions – A system to reduce water demand –Logistics – Cost savings and calculations
“There are growing pressures upon urban water supplies, boosted by increasing urban populations and the recurrence of droughts. All levels of Government, industry and households have an important role in conserving urban water [...]
David Alexander in CT 6th October discusses how the Reserve Bank controls inflation and the money supply by increasing and decreasing interest rates. Most people wonder how increasing the price of something reduces inflation? The reason is that increasing rates reduces the attractiveness of borrowing money to invest. However in uncertain times where banks are [...]
Bruce Peterson (CT 4th October) is right in his analysis of thereasons why the world is facing a financial crisis. Too many loanshave been given for price inflated houses. Australia is in a similarsituation as the USA but we have been shielded by the China boom andby the fact that mortgagees in the USA can walk away from their housesand leave the house as payment for the bank. If the same rules appliedin Australia then many people with large mortgages, little equity intheir houses and with high interest rates would desert their houses.Australians cannot do this as their debts follow them and so we havenot had a rapid deflation in house values. However, we still sufferfrom over inflated house values and sooner or later the value ofhouses has to come down - probably through inflation of the currency.A solution to the problem is for the Reserve Bank to issue special lowinterest money to banks to be loaned to build real assets. For examplethe low interest money has to be spent on building a new house or ithas to be spent on building renewable energy infrastructure. Thiswould avert an Australian financial meltdown, make houses affordable,remove the need to introduce an emissions trading scheme, and reduceinflation. It is really very simple and is a great opportunity forpolitical parties to unite on a common cause.
