And Deeper in Debt… Launch next Tuesday 12pm

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Dear All,

Below is the press release from the Cen­tre for Pol­i­cy Devel­op­ment for the launch of my “mini-book” on debt. Please pass the news on, and I hope to meet some of you at the launch.

You load six­teen tons, and what do you get?

Anoth­er day old­er and deep­er in debt”
(Mer­le Travis, 1946)

Aus­tralia has been on a 45 year pri­vate debt binge that has now reached unsus­tain­able lev­els. It’s been going on so long that our entire sys­tem is becom­ing reliant on it: we almost can’t afford to stop bor­row­ing.