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Keywords: Shakespeare

  • ECONOMICS

    Rising interest rates points to a larger problem

    • David James
    • 28 June 2022

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

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  • ECONOMICS

    Can financial fictions survive reality?

    • David James
    • 31 May 2022
    2 Comments

    As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality? 

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  • ECONOMICS

    Out-of-control house prices requires a different approach

    • David James
    • 11 May 2022
    3 Comments

    In purely economic terms, the upcoming Federal election is extremely unusual. The shut down of the Australian economy for almost two years because of health measures really has no precedent in our history. Only war can produce that type of shock. The Federal government’s financial response was as extreme as the state of emergency measures, including a sharp increase in Australian government debt. It remains to be seen, however, if the government gets much credit for injecting so much free money into the economy. It is unlikely.

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  • ARTS AND CULTURE

    Trousered heroines: Women’s rights and the culture wars

    • Juliette Hughes 
    • 28 April 2022
    5 Comments

    The rights and wrongs of what has happened in recent years regarding the experience and sufferings of transgender people have ended up as a polarised and difficult area of discourse, affecting women’s lives and rights far more than men’s. In the current situation, Raymond is a clear voice about the erosion of women’s rights and safety in what should be the safest, most pluralistic arena of all: academia. 

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  • INTERNATIONAL

    Elon Musk’s Twitter bid exposes ‘financially strange’ media ecosystem

    • David James
    • 19 April 2022
    1 Comment

    Elon Musk’s proposed hostile takeover of Twitter will be a fascinating battle that will have consequences far beyond the stock market. It is exposing just how financially strange social media and conventional media have become. 

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  • ECONOMICS

    How will Russia sanctions impact the global economy?

    • David James
    • 22 March 2022
    1 Comment

    Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.

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  • ECONOMICS

    What will rising interest rates mean for wealth inequality?

    • David James
    • 01 March 2022
    3 Comments

    Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations. 

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  • ARTS AND CULTURE

    Kermit and the green-eyed monster

    • Gillian Bouras
    • 22 February 2022
    12 Comments

    Kermit the Frog, of enduring Muppets and Sesame Street fame, was always a favourite with my children and me: he was so amusing and appealing, and also had a way of unobtrusively communicating simple goodness along with the occasional moral message. He was also concerned with the most important matter of the self, so that in his most famous song he puts a positive spin on the matter of greenness, the colour of envy and jealousy. 

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  • ECONOMICS

    The rise of the machines

    • David James
    • 31 January 2022
    5 Comments

    There is a great deal of commentary about the growing importance of artificial intelligence, or AI, especially in business circles. To some extent this is a self-fulfilling prophecy — if people think something will have a seminal effect then it probably will. But if the supposed commercial benefits are significant, the dangers are potentially enormous.

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  • ECONOMICS

    Best of 2021: Why corporatism, not capitalism, is the root of social harm

    • David James
    • 04 January 2022

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

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  • ECONOMICS

    Why Australia’s rural sector is ripe for financial reform

    • David James
    • 06 December 2021
    1 Comment

    If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.

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  • ECONOMICS

    Climate change trillions

    • David James
    • 08 November 2021
    1 Comment

    The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.

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