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Australia's Fiscal Straightjacket

In his new discussion paper for the Centre for Policy Development, Fred Argy demolishes eight myths underpinning what currently passes for "fiscal conservatism" in Australia. The view that neither taxes nor public debt levels should ever increase is lazy and timid policy, not good governance, writes Argy.


Deeper in Debt

Australians are addicted to debt but we can't afford to keep borrowing at current levels forever. 'Deeper in Debt' is CPD fellow Steve Keen's analysis of Australia's looming crisis in housing affordability and private debt.



The housing story: the reality of interest rates

Borrower blindness and confusion over the difference between real and nominal interest rates have contributed to Australia's heavy debt burden, writes Ian McAuley. But education alone won't be enough to change consumer behaviour - changes on the supply side of the credit market are needed.


CPD fellow Steve Keen at Per Capita

CPD fellow Steve Keen, author of 'Deeper in Debt: Australia's addiction to borrowed money' will speak at an event hosted by progressive think tank Per Capita in Melbourne on Friday March 14.


Tax cuts preventing infrastructure growth

CPD fellow Fred Argy, author of 'Australia's Fiscal Striaghtjacket', discussed the downside of tax cuts on ABC Radio, November 15.


Unsustainable debt: Australia’s own subprime crisis

Australians are addicted to debt but we can’t afford to keep borrowing at current levels forever, according to a new report by Centre for Policy Development fellow Dr Steve Keen.


Reappraising Risk

Have the actions of the US Federal Reserve calmed the volatility of the global debt market or signalled a much greater problem? Justin O’Brien assesses the implications of re-pricing the securitisation of risk.


Qantas sale: flying blind into turbulent times

The threat of climate change and the sale of Qantas have sat cheek-by-jowl on the business pages in recent weeks - but no one has spotted the link between the two. Former head of the AGO Experts Group on Emissions Trading Ian Dunlop explains the implications of climate change & peak oil for a debt-laden Qantas.



Debt Freedom Day Report 2007

February 25th was Debt Freedom Day for 2007: the day Australia had earned enough income to fund the annual interest on its loans. The good news is that the day has finally arrived. The bad news is that it has been so long in coming. Find out more in the Debt Freedom Day Report 2007 by Steve Keen



The Lily, the Pond, and the Recession We Can't Avoid

When Australia wakes up from its debt binge the hangover won’t be pretty, predicts Steve Keen.


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