FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Tuesday, February 16, 2021

The Henry George logic of wages as an economic rent

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George was concerned that property owners gained all the economic rents. But his logic relies on a quite arbitrary and limited concept of pr...
Monday, February 8, 2021

Downs-Thomson housing paradox

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Anthony Downs and various others made the observation that “the equilibrium speed of car traffic on a road network is determined by the ave...
9 comments:
Friday, January 1, 2021

The COVID story is ideal political cover, regardless of the truth, which never mattered

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NOTE: This post was written in November 2020 for a magazine that later decided it was too controversial. Some notes to reflect new informati...
12 comments:
Wednesday, December 30, 2020

2020 was an economic lesson about insurance

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My report on superannuation came out at the beginning of 2020. One of the main arguments in that report is that Australia’s superannuation ...
7 comments:
Tuesday, December 8, 2020

Australia's out-sized COVID stimulus

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After the global financial crisis of 2008 the Australian government responded with a large fiscal stimulus. Initially worth about $10 billio...
2 comments:
Monday, November 30, 2020

The sale price of housing is not its economic price

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The sale price of homes is not the economic price of housing. Prices, in the economic sense, are the relative cost of consuming newly-produc...
3 comments:
Wednesday, November 11, 2020

Why does land have a positive value?

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Modern housing economists, following in the footsteps of Ed Glaeser, seem to think that the market price of land should be zero. Land only h...
8 comments:
Wednesday, October 14, 2020

If a politician says they want affordable homes, they are lying

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First published at Sydney Business Insights . What chance does a political party promising to radically reduce home prices to improve afford...
Tuesday, September 15, 2020

Low interest rates will boost home prices, as designed

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Interest rates are the main story for home prices in Australia. With our deregulated banking system, all demand for mortgages can be satisfi...
1 comment:
Friday, September 11, 2020

Superannuation fees to rocket

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These comments were reported in The Australian on 10 Sept 2020 . _____________________________ At the current 9.5% compulsory contribution r...
2 comments:
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