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There are plenty of myths and legends in economics and politics.
One that has gained a lot of support – thanks to bureaucratic propaganda – is that tax cuts are inflationary.
Needless to say, this downright lie has been lapped up by the political hacks in the mainstream press. Largely because, well that’s what the bureaucrats [...]

We managed to muddle our way through the rest of the video from the CFTC hearing on the metals market yesterday.
We’ll give you a round up on what we heard tomorrow. Although on Tuesday I did promise to take you through the details of how the current economic depression would play out and what [...]

Your editor breathed a huge sigh of relief this morning. I’ll tell you why. It was after we read these five headlines:
“Property boom spurs spending spree” – The Age
“Big four banks gorge on house mortgages” – The Age
“Mortgage supply will not meet demand” – Banking Day
“‘Fair chunk of salary’ goes toward debt” – [...]

We’ll poke a stick at property and inflation today.
Inflation, if mixed with deflation is fine. Prices rise, then prices fall.
But inflation by itself, well, that isn’t good at all. If you look at the chart below, you can see perfectly how the value of money has been devalued almost without break for the [...]

Before we get stuck into today’s article a quick reference back to the property mayhem of last week.
Spruiker extraordinaire Christopher Joye has written a blog for Business Spectator criticising our comments on property. You can read it here. However, in typical spruiker fashion it completely ignores our questions and instead trots out the [...]

If something’s worth saying, say it three times. We wouldn’t argue with that.
We’ve certainly banged on enough times about Australia’s corrupt banking system, the lies spruiked by the property spruikers, and the rubbish you generally get from the mainstream on the health of the Australian economy.
But surely this effort by the web boffins at [...]

Your editor is back this morning. We notice that Shae admirably held the fort yesterday.
Although we were a little worried as we asked her yesterday morning what she planned writing about…
“Can you take over the Money Morning reins this morning as I’ve got to get Australian Small Cap Investigator out the door today?”
“Yeah, sure,” [...]

On our mind is the flaky and fragile Australian banking system.
Do you remember it was only a few weeks ago that the mainstream press was telling you that the major banks were winding back their reliance on the government wholesale funding guarantee?
Well, maybe they are, but they still can’t help themselves.
According to the Sydney Morning [...]

I’m not sure whether you’ve noticed or not, but we’ve focused on the property market over the last couple of weeks…
Oh, you have noticed. Good, well, you may – or may not – be pleased to know we’re taking a break from it for today at least.
That’s because we’re not sure if there’s that [...]