http://www.debtdeflation.com/blogs Analysing Australia's 45 Year Obsession with Debt Sun, 29 Jun 2008 18:26:59 +0000 http://backend.userland.com/rss092 en My Comment on the Green Paper Senator Nick Sherry, as Minister for Superannuation and Corporate Law, has released a Green Paper Financial Services and Credit Reform: Improving, Simplifying and Standardising Financial Services and Credit Regulation (June 2008) This is a very apt time for such an enquiry. It is now over a decade ... http://www.debtdeflation.com/blogs/2008/06/30/debtwatch-no-24-july-2008/ I recently made a submission to the Senate Economics Committee on the RBA (Enhanced Independence) Bill, where I argued against the Bill--as did all four public submissions. After making that submission (which I'll post here shortly) I thought I'd check out my submission to the Wallis Committee--since I argued that the ... http://www.debtdeflation.com/blogs/2008/06/20/my-submission-to-the-wallis-committee/ As a 65 year old winner of the Nobel Prize in Economics, Joseph Stiglitz is not someone that mainstream economists can dismiss as either a crank or senile--the usual reactions to anyone who opposes conventional thought in economic theory or policy. So when he comes out and says that inflation targetting ... http://www.debtdeflation.com/blogs/2008/06/09/stiglitz-trashes-inflation-targetting/ Steve Keen's DebtWatch No 23 June 2008 RBA Assistant Governor Guy Debelle and I spoke at a conference on Subprimes in Adelaide last month. One aspect of my analysis that Guy queried was my emphasis upon the Debt to GDP ratio. He noted that this appeared suspect, because it was comparing ... http://www.debtdeflation.com/blogs/2008/06/02/debt-is-the-financial-systems-carbon-dioxide/ Nouriel Roubini is one of the world's foremost experts on the financial system, and like me, was warning of potential crises while most other commentators could only see roses blooming. He is Professor of Economics at New York University's Stern School of Business, and founded the RGE Monitor, a highly ... http://www.debtdeflation.com/blogs/2008/05/10/a-new-nouriel-roubini-blog/ Steve Keen's DebtWatch No 22 May 2008 The Reserve Bank Amendment (Enhanced Independence) Bill 2008, which was tabled in Parliament in March, aims to give the RBA Governor and Deputy Governor "the same level of statutory independence as the Commissioner of Taxation and the Australian Statistician" (Wayne Swann, Hansard, Thursday, 20 ... http://www.debtdeflation.com/blogs/2008/05/05/defer-the-rba-enhanced-independence-act/ Section One on " The future of the Australian economy" starts with the following preamble: "The Australian Government is committed to modernising our economy so that we can compete with the leading nations in a world economy that is being transformed by globalisation, new technologies, and the rise of China and ... http://www.debtdeflation.com/blogs/2008/04/15/my-submission-to-the-2020-summit/ This blog entry first appeared as a feature in the Daily Telegraph on Wednesday April 9th 2008. If you're a newcomer to it courtesy of that feature, and you want to look at this issue in more depth, there are links below to more detailed analysis. The Daily Telegraph lived up ... http://www.debtdeflation.com/blogs/2008/04/09/the-daily-telegraph-terrorises-the-rba/ I'm giving a talk on subprimes to the "Monty Pelican Society": Date: Wednesday April 2nd Venue: Sydney Mechanics School of Arts, 280 Pitt St, Sydney NSW 2000 (near Town Hall) Time: 6.30pm-8pm For more information, contact Troy Henderson (troyh@search.org.au), or just rock up on the night. http://www.debtdeflation.com/blogs/2008/03/31/talk-on-subprimes/ At Last, the 1975 Show? My main topic this month is a comparison of the economic events of today to those of 1973-75, but the most recent Case-Shiller data on US house prices simply has to be "the Chart of the Month". Last *month* the index dropped by 2.3 percent--implying an ... http://www.debtdeflation.com/blogs/2008/03/29/debtwatch-no-21-april-2008/