Like all marketing exercises, real estate is primarily sold by exploiting our fears. In order to exploit our fears, marketers must first stoke fears. And the stoking of fear requires one or more invented problems, which we must be taught … Read more
Articles from Rational Radical
The fate of the last three prime ministers is intimately linked to their failure to explain the rapidly changing economic fortunes of this country.
Australia’s multi-decade boom in living standards is now confirmed as over. All the economic indicators and … Read more
No one enjoys being unpopular, especially in our vain, materialistic and often dull contemporary Australia. Popularity is as important to Australians as soy flat-whites, low-hanging filament light bulbs, and the eponymous weekend real estate lift out. Oh, and having 24 … Read more
So bubble mania has finally hit the mainstream.
If there was ever any doubt that the great Aussie Housing Bubble is bad for the economy, David Murray’s repeated warnings about our banks and financial system should clear that up.
Financial System Inquiry skewers housing speculation
Yesterday I had the pleasure of chatting to Karl Fitzgerald from Renegade Economists on 3CR about the policy fraud that Senator Nick Xenophon is currently pushing to “address” housing affordability: superannuation for housing deposits, and my petition against it. In a discussion about the issue, the Senator