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Keywords: Economist

  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • RELIGION

    Address to future doctors

    • Frank Brennan
    • 31 January 2018

    'The place of religious and comprehensive world views in legislating, ethical decision making, and good medical practice informed by prudential resource allocation' — Remarks by Fr Frank Brennan to first year medical students at the University of Notre Dame Australia, 30 January 2018.

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  • ENVIRONMENT

    Bitcoin has a massive energy problem

    • Greg Foyster
    • 19 January 2018
    1 Comment

    The digital currency Bitcoin consumes more electricity per year than New Zealand. Yes, the entire country. Escalating energy intensity is actually a security feature of the currency. With the related carbon dioxide emissions from this escalating electricity consumption, Bitcoin is a formula for climate change catastrophe.

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  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 08 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • MEDIA

    There is no such thing as capitalism

    • David James
    • 27 October 2017
    14 Comments

    In literary studies, one of the most important requirements is the need to define one's terms accurately. It has always come as a shock to me that economics is almost completely devoid of such precision. Much of the terminology of the 'discipline' of economics is either nonsense, or thinly disguised tautologies.

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  • ENVIRONMENT

    Electric carmaggedon

    • Greg Foyster
    • 14 September 2017
    6 Comments

    There are lots of reasons why China wants to accelerate the uptake of electric vehicles. It desperately needs to curb air pollution, which the World Health Organization estimates kills more than a million of its citizens each year. It also wants to reduce dependence on imported oil, and help meet climate change targets. Most crucial, however, is China's intention to dominate the global market for electric vehicles and the technology that powers them, lithium-ion batteries.

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  • ECONOMICS

    Where is money headed?

    • David James
    • 30 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 30 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

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  • ECONOMICS

    Beyond fake news lies the fog of fake figures

    • David James
    • 02 May 2017
    6 Comments

    Fake news aside, increasingly, we live in a world of fake figures. There is a cliche in management that 'what gets measured gets done'. In public discourse that might be translated to 'what gets measured is considered real'. One obvious fake figure is GDP, which is taken as a measure of national wellbeing. In fact, it is just a measure of transactions. If money changes hands because something disastrous happens then GDP will rise. That is hardly an indicator of national wellbeing.

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  • AUSTRALIA

    Not such a super way to buy your first home

    • Francine Crimmins
    • 14 April 2017
    15 Comments

    As a millennial, I frequently find myself being told to stop complaining about housing affordability. It's all about working harder, saving more and, for goodness' sake, keeping off the avocado. As a young person, I'm concerned about using super, a system which was put aside for our economic welfare in retirement, as a savings account for instant gratification. The government is trying to solve the housing crisis not through direct action, but by encouraging young people into lifelong debt.

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  • ENVIRONMENT

    Appeals to caring and fairness alone can't bridge climate divide

    • Greg Foyster
    • 02 February 2017
    10 Comments

    If climate change were a short-term problem, polarisation wouldn't be so crippling. One side could push a solution through parliament, and by the time the other side took power it might be a non-issue. But climate change is an extraordinarily long-term problem that requires massive investment in new infrastructure and consistent policy settings over decades. It needs a supermajority of support so years of work isn't undone with each change of government. That means getting conservatives on board.

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  • ECONOMICS

    Financial literacy programs need to get real

    • Rachel Kurzyp
    • 16 December 2016
    8 Comments

    Studies have found that in Australia, groups with the poorest financial awareness and skills are those under 25, those with no formal post-secondary education, those on low incomes and working 'blue collar occupations', and women. While it makes sense to provide these groups with financial information on home loans and super, this wouldn't have helped my mother when she had to decide between, say, buying groceries for the week or getting the car serviced.

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