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  1. W

    Property investment in a steady state economy - can it work?

    Well we're not Greece, yet...and hopefully I'll be dead by the time Australia is as bad off as Greece....which is why I am caring less and less about the direction Australia goes. If I am not dead, maybe I'll seek political asylum from the persecution of militant Aussie Greens and Commies, in...
  2. W

    Property investment in a steady state economy - can it work?

    Not so much the advantages of the single party state, but the disadvantages of an electorate that values other things above a long range view to a sustainable economy, and has a penchant for leisure, non manual labor, public holidays, and saying 'she'll be right mate'.
  3. W

    Property investment in a steady state economy - can it work?

    a strong currency under a floating exchange rate mechanism, makes a country less internationally competitive. It boosts imports, and is a drag on exports. This exports jobs offshore and increases unemployment. This has been the Australian and US experience since a floating exchange rate was...
  4. W

    Property investment in a steady state economy - can it work?

    I totally agree Jen. I don't believe the majority of the electorate, journalists, or politicians understand how a floating exchange rate effects supply/demand equilibrium, trade, and employment. For all intents, it is impossible for an economy with a floating exchange rate to prosper from...
  5. W

    Property investment in a steady state economy - can it work?

    3000 seems a lot when the govt spends 80,000 per head in their first year here on detention centres, kickbacks to the Indonesians, teams of immigration lawyers, motel accommodation, personal trainers, and trips to Gold Coast theme parks. And the government commissioned Access Economics Migrant...
  6. W

    Property investment in a steady state economy - can it work?

    Considering migrant children from other cultures tend to integrate, and the Greens think multiculturalism should be encouraged and celebrated because it enriches the nation, they obviously have a policy of perpetual migration. And migration should be prioritized over natural population...
  7. W

    Property investment in a steady state economy - can it work?

    Leigh Harkness an Australian economist has some interesting thoughts about economic stability. It is quite technical reading though. See the paper "Generating balanced demand and supply to achieve full employment and price stability." Controlling bank credit and the exchange rate are critical...
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