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Once intra-government transactions are eliminated, QE represents an exchange of gilts (liabilities of the National Loans Fund) for central bank reserves (liabilities of the Bank of England)
The public debt markets add less value to national prosperity than their opportunity costs. A proper cost-benefit analysis would conclude that the market should be terminated.
Here is a clip from one of our live songwriting sessions on our Twitch channel. We just turn on the camera and try out ideas and see where they take us.
Here is a clip from one of those sessions we posted to our YouTube Channel.
Play to a marimba, GO! (Live Stream Clip)
I had a simple little marimba part that I wanted to use for a song.
I showed it to the band during this songwriting session to see what they would come up with on the spot.
- Tom
The Stage 3 tax cuts are not just unfair, they create a massive hole in the budget
The post The Stage 3 tax cuts will be responsible for up to 42% of the Budget deficit appeared first on The Australia Institute.
The October Budget delivers on a range of welcome bread & butter commitments, but has deferred solving Australia’s meat and potatoes revenue problems. So who are the winners and losers, and what are the missed opportunities? This was recorded on Thursday 27th October 2022 and things may have changed since recording. The Australia Institute //
The post October Budget Wrap appeared first on The Australia Institute.
This book traces the evolution of Charles P. Kindleberger's thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II.
by Brian Czech
Election Day is almost upon us. Along with the 435 House seats are thirty-five seats for grabs in the Senate. Our focus here is on the Senate races, given their high-profile candidates, substantial policy stakes, and excellent examples of growthmanship gone amuck (literally, in some agricultural cases).
Candidates fall along a spectrum—theoretically at least—from a degrowth to a pro-growth stance. It’s a “theoretical” spectrum because, at this point in the history of the USA,
The post Three Senate Races for Steady Staters to Monitor appeared first on Center for the Advancement of the Steady State Economy.
Galina Potjagailo, Boromeus Wanengkirtyo and Jenny Lam CPI inflation in the UK has markedly increased over the last year, reaching 10.1% in September. The aggregate increase reflects potentially different dynamics across disaggregated prices, from which CPI inflation is constructed. How much of the increase has been broad-based across a wide range of prices? We assess … Continue reading How broad-based is the increase in UK inflation?
US military imperialism, meet your biggest threat: a full-scale Soviet invasion force on your Latin-American doorstep. This film also features a highly advanced extraterrestrial lifeform hunting humans for sport. Only one man, and his crack special forces team of muslce-bound misogynists, can put an end to both. Yesterday’s Tomorrow Today is sponsored by the Carmichael
The post Predator appeared first on The Australia Institute.
Right now the gas industry is booming, but the Petroleum Resource Rent Tax is not.
The post The Budget reveals the failure of the PRRT appeared first on The Australia Institute.
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People around Australia have been seeing the advertised prices of rents increasing, now the inflation figures are catching up.
The post Rental prices are going up fast across Australia appeared first on The Australia Institute.
Welcome to my Wednesday Blog. I never thought I’d get to use that as a headline! Root on How We Roll So, a while back Lizbeth Myles and myself (the entire staff of Hammer House of Podcast) agreed to be part of a role-playing game run by SFF novelist Adrian Tchaikovsky, which would be recorded ... Read More
Today is National Pumpkin Day and October is National Pumpkin Month! Here’s something pumpkin-related. A friend of ours recently found himself with some unexpected guests, a bottle of Smirnoff, and a supply of root beer. Neither he nor anyone present had mixed Smirnoff and root beer before. But the occasion called for a drink, theContinue reading Smirnoff Charlie Burch (1975)
On Wednesday the latest inflation figures showed that in the 12 months to September prices across Australia grew by 7.3% - the fastest rate since 1990.
The post Inflation is soaring and real wages are plummeting appeared first on The Australia Institute.
Listen now (24 min) | A broad-ranging chat about what makes a country "rich", how to understand your effective marginal tax rate (EMTR), and clarifying why capital gains are just income labelled differently.
To celebrate publication of Days Like These, I’ll be reading some poems* in a live virtual event with @bookshop_org_uk – in support of UK independent bookshops – this evening at 7pm UK time. More info on tickets and books can be found here: https://bit.ly/brian_bilston_event *approx. 21
Given that my new book ‘Days Like These: An Alternative Guide to the Year in 366 Poems’ published the other week, I suppose I should bang on about it a bit. It contains a poem for every day of the year, each one inspired by an event associated with that day – from the invention…