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Lincoln’s Corollary to the Declaration of Independence

 — Organisation: The Claremont Institute — 

Abraham Lincoln vastly admired the founders and the Declaration of Independence. But he felt compelled to add a silent corollary to the clause “all men are created equal and endowed by their Creator with certain unalienable Rights among them the right to Life, Liberty and the pursuit of Happiness.” That addition stated, in effect: “and the right to advance economically and socially as far as their talent, industry, ability, ambition, and determination will take them.”

Half a century ago, the late Gabor S. Boritt noted that Lincoln undertook “the task of updating the Declaration of Independence to meet the needs of a society exploding economically.” The Declaration, Lincoln believed, should be considered a ringing endorsement of social and economic mobility as the foundation of a free society. Equality of opportunity meant that everyone should have an equal chance in the race of life, but it did not mean equality of outcomes. Instead, it meant what Boritt felicitously called “the right to rise,” though he rather narrowly confined it to the realm of economics, whereas Lincoln included social as well as economic mobility.

Commenting on the Declaration’s phrase “all men are created equal,” Lincoln said,

Does Gubernatorial Frontrunner Marsha Blackburn Even Really Want the Job?

 — Author: Betsy Phillips — 
Opinion: A recent awkward moment with NewsChannel 5 showed how desperate the senator is to avoid questions from media

May/June 2026 Newsletter

 — Organisation: Open Access Australasia — 

CGT debate exposes States’ $11b annual asset giveaway

 — Organisation: Prosper Australia — 

By Henry Williams Originally published in Pearls and Irritations. State governments are giving away billions in development rights that create huge private land windfalls, when pricing those rights could fund housing, infrastructure and fairer state taxes. The debate over capital gains tax has exposed a deeper issue in our property market. Many of the gains […]

The post CGT debate exposes States’ $11b annual asset giveaway first appeared on Prosper Australia.

The Server Farms of Mammon

 — Organisation: The Claremont Institute — 

A few months ago in Mercer County, Kentucky, more than 200 residents packed a planning and zoning commission meeting until every seat was filled, with citizens standing along the walls. Yard signs reading “NO DATA CENTER” lined farm roads from Harrodsburg to Burgin. Diane Floyd’s “We Are Mercer County” had gathered thousands of signatures against a proposed 555-acre hyperscale data center on prime farmland off Handy Road near Burgin, and speaker after speaker rose to be heard.

The frustration was not abstract. It was in the soil, the homes, and the way of life that residents were watching get priced out. One speaker after another said the same thing in different words: “This isn’t development, it’s sacrifice.”

Residents described how the facility would pull millions of gallons of water daily from the same aquifer that irrigates their crops and fills their wells. They talked about the constant low-frequency hum from a sprawling, windowless complex the size of dozens of football fields, the kind of noise that would end the quiet nights that drew horse breeders and retirees to the area. Backup diesel generators the size of shipping containers would sit ready to roar, and similar projects elsewhere had already driven up residential rates while delivering almost none of the promised local tax revenue following massive abatements.

The American Mind Podcast: The Roundtable Episode 325

 — Organisation: The Claremont Institute — 

The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.

Supreme Court Roundup with John Eastman, Part 1 | The Roundtable Ep. 325

What Connects Conventional Wisdom Processors, AI and The Second Trump Administration’s Constitutional Crisis? Part Three

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 
What Connects Conventional Wisdom Processors, AI and The Second Trump Administration’s Constitutional Crisis? Part Three

This is a premium piece of Notes on the Crises. Subscribe here to read the full piece- and series. Find part one here and part two here.

Dear readers. I was interrupted by sickness last winter from finishing this series. However, it's only become more relevant in the intervening months so I thought it was important to finish and publish the “payoff” final piece in the series.

Earth’s Greatest Enemy: Film & Panel with Abby Martin (Mon 27 July)

 — Organisation: Free Palestine Melbourne — 
Mon. 27 July 2026, 6:15 pm arrival for 6:30–9pm, Sun Theatre Yarraville. Abby Martin's Earth's Greatest Enemy, followed by a conversation with Dave Sweeney (ACF).

Tracking Mergers and Acquisitions Using Australian Administrative Data

 — Organisation: Reserve Bank of Australia (RBA) — 
Mergers and acquisitions (M&A) can have important implications for competition, prices and productivity. However, there is no comprehensive data on M&A activity in Australia, in part due to the absence of any formal requirement for merger parties to notify the regulator. The lack of data has limited scope for research on the impact of M&A activity. This paper takes an important first step in filling this gap by combining a number of administrative datasets and methodologies to build the first large-scale database of Australian M&A transactions, covering the past 20 years. We take three approaches: following clusters of employees moving between firms in a linked employer-employee database; firms moving between tax consolidated groups; and firms submitting takeovers and other notification forms to the Australian securities regulator. This yields a total of around 1,500 mergers a year. Analysing this database we find that mid-sized, high profit but low productivity firms are most likely to be targets, as are firms with lots of patents, while large entities with trademarks are most likely to be acquirers. Moreover, we find evidence of serial acquisitions taking place, particularly in a number of high-profile industries.

Three Declarations, Three Revolutions

 — Organisation: The Claremont Institute — 

Modern democratic politics began with three great revolutions, with the English, American, and French Revolution each marked, though in very different ways, by a memorable public Declaration justifying and explaining the political changes. Americans’ impending commemoration of the 250th anniversary of our Revolution—and our Declaration of Independence—invites at least a brief comparison with these other revolutions’ declarations, followed by a more sustained interpretation of our own illuminated by its differences with them.

The English Bill of Rights

Australia’s gambling toll grows as government sidesteps total ad ban

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Matt Grudnoff joins Elinor to talk about the federal government’s “piss poor” online gambling reforms and the push to pay super to under 18s.

This discussion was recorded on Thursday 9 July 2026.

If this episode raised issues for you, you can call the National Gambling Helpline on 1800 858 858 for free, professional and confidential support 24 hours a day, 7 days a week. Or visit Gambling Help Online at www.gamblinghelponline.org.au.

If you or anyone you know needs help, you can contact Lifeline on 13 11 14 or online at www.lifeline.org.au.

Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

House prices hit a blip and it’s all media panic. Please, let’s have some perspective

 — Organisation: The Australia Institute — 

Of all the stupidity Australians have accepted as “normal”, our relationship with house prices may be among the most ridiculous.

This nation is in the grips of a media panic over a small blip in house prices. This blip apparently deserves wall-to-wall coverage and dire warnings of impending doom.

Maybe – shock – the current 0.4 per cent decrease in national house prices (not a typo, it is less than 1 per cent) COULD reach 8 per cent. MAYBE 10 PER CENT. Get the army ready – society itself may be about to collapse.

It is very rare that we see these numbers put into context.
A fall usually follows a rapid rise in prices and Australia has seen more of a rapid rise than most.

Let’s go from 2000, a nice round number, which also happens to be when John Howard and Peter Costello’s ideological war against the capital gains tax kicked in. Since then, house prices have increased fivefold.

The average home has increased in value by about $70,000 a year over the past five years. Again, that is not a typo. That’s about $350,000 in five years.

The people who have benefited from this increase did nothing but have the luck and means to own a house. If their home was to decrease by even 10 per cent, they are still doing OK – their homes will go back to what they were worth at the end of 2024. Back when media was wringing its hands over what could be done about the unaffordable housing market.

When Safety Is a Distant Afterthought

 — Publication: CityNerd — 

The Supreme Court’s Welcome Blow Against the Administrative State

 — Organisation: The Claremont Institute — 

With all of the justifiable disappointment in the Supreme Court’s term-concluding decisions on birthright citizenship and mail-in ballots, one could be forgiven for overlooking the significance of the blow it dealt to the administrative state. While there are some important qualifications which I will go on to explain, the Court in Trump v. Slaughter strongly embraced the American Founders’ principle of unity in the executive branch. It repudiated the idea that parts of the federal bureaucracy should be free to wield executive power independent of the president and the voters who elect him.

The Court’s ruling in Slaughter and in a series of related cases leading up to it marks a restoration of democracy, not an assault on it. After all, how can it be an assault on “our democracy” to take power from those who are unaccountable to voters and give it, instead, to the only official for whom the entire nation votes?

Australian states aren’t going broke, but they are being ripped off

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, Rod Campbell and Matt Grudnoff join Ebony Bennett to discuss the reasons why the GST hasn’t grown as promised, how exemptions for private schools and private insurance exacerbate inequality, and how governments can ensure they’re providing the high-quality services Australians deserve.

This episode was recorded on Tuesday 7 July.

Check out the new Australia Institute podcast series, What’s the Point? with Richard Denniss. It’s available now on YouTubeApple PodcastsSpotify or wherever you get your favourite shows.

Guest: Rod Campbell, Research Director, the Australia Institute // @rodcampbell

Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Speech: Understanding Supply Shocks and Their Implications for Monetary Policy

 — Organisation: Reserve Bank of Australia (RBA) — 
Speech by Sarah Hunter, Assistant Governor (Economic), to the Australian Conference of Economists 2026

What Happens 'When the World Sleeps' (w/ Francesca Albanese) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.


The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

France’s Long Slide

 — Organisation: The Claremont Institute — 

France is in freefall. Industry, agriculture, public finances, trade, educational and cultural standards, health, scientific research—nothing is mastered any more, and everything is going downhill at high speed. The luxury-goods, defense, and aeronautics industries, along with wine and cereal crops, are the last islands of French excellence to survive in an ocean of mediocrity. The French people feel that they can no longer control their own destiny.

I often say that immigration is not the cause of anything, but it makes everything worse. It was collège unique and the methods of the pedagogists that destroyed the school. But the massive immigration of people from Arab-Muslim countries, most of whose parents have very little social capital and a dull hostility to French culture, has considerably accelerated the collapse of standards and violence. It was the 35-hour working week and bureaucracy that disrupted the hospital system. But the unlimited, free admission of patients from all over Africa overwhelmed and sank a French hospital system that 25 years ago was still recognized as the best in the world.

A2A Payments Roundtable Releases Vision for Account-to-Account Payments in Australia

 — Organisation: Reserve Bank of Australia (RBA) — 
The Account-to-Account (A2A) Payments Roundtable has today released its A2A payments vision, incorporating feedback from a public consultation and ongoing engagements with a broad range of end-users and other stakeholders on Australia’s A2A payments system.

When Violence Works: Capital Accumulation and Political Order in Colombia

 — Publication: Progress in Political Economy — 

La economía va bien, pero el país va mal – The economy is doing well, but the country is doing badly

In 1987, when Fabio Echeverry Correa, then president of Colombia’s largest business association, used these words, he was describing a country where macroeconomic stability coexisted with the expansion of drug trafficking, a corrupt and clientelist political system, and an ongoing armed conflict. Nearly four decades later, this phrase still captures one of the most enduring paradoxes of Colombian development.

During the 2000s, Colombia became one of Latin America’s economic success stories. Growth accelerated, foreign direct investment multiplied, and international financial institutions praised the country’s macroeconomic stability. Colombia was even included among the CIVETS[i], a group of emerging economies expected to become the next engines of global growth. International investors increasingly viewed the country as a safe and promising destination for capital.

Labor soars, Coalition fumbles – and no one’s really looking at the big issues

 — Organisation: The Australia Institute — 

Labor finished the last parliamentary week on a high. There is a feeling within caucus that the party has a plan for dealing with One Nation, helped along by the fact the Coalition is completely without one.

The Liberals’ switch to Angus Taylor has put a spring in the steps of Anthony Albanese and his office.

Criticising Sussan Ley had to be done in very specific terms, given the dangers of being perceived to be speaking down to, or acting aggressively to, a woman. But Taylor, who appears to have stepped out of Liberal Party central casting, is fair game.

Plus, no one is going to accuse him of being quick on his feet, despite his time in the political bullpit. For a political animal like Albanese, Taylor’s leadership has been a gift.

The “three right-wing political parties” is a line that has tested well for Labor and hence has been deployed at every opportunity.

The only sign the Coalition had found a point of difference came with a heavy assist from independent senator David Pocock and the Greens, who co-sponsored legislation with the Coalition to keep humans at the forefront of aged care funding decisions. This followed reporting from Guardian Australia’s Melissa Davey earlier this year that revealed the cruelty of algorithmic decisions, which may be ticked off by humans but have largely removed their discretion.

Independence Day Drag

 — Author: Chris Hedges — 

What’s On July 06-12 2026

 — Organisation: Free Palestine Melbourne — 
What’s On around Naarm/Melbourne & regional Victoria: Jul 06-12, 2026

After its big birthday, what comes next for America?

 — Organisation: The Australia Institute — 

We expected that. But what can we expect next? On this episode of After America, Dr Emma Shortis and Angus Blackman discuss the November midterm elections and what they might bring. After Emma’s trip to Brussels and Berlin, they also reflect the contrasts between European and Australian views of the United States.

This episode was recorded live on Monday 6 July.

Guest: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Angus Blackman, Executive Producer, the Australia Institute // @AngusRB

Show notes:

This World Cup shows who holds the cards in Trump’s economy, After America, the Australia Institute (June 2026)

From Europe’s strategic settings to China’s overcapacities – a view through an antipodean lens, Friedrich Ebert Stiftung (June 2026)

The 2026 midterm elections, Brookings

What’s the point of housing reform?

 — Organisation: The Australia Institute — 

On the second episode of What’s the Point?, Richard Denniss discusses the government’s long-overdue changes to negative gearing and capital gains tax and the ongoing media hysteria around Australia’s housing market.

This episode was recorded on Friday 3 July.

Host: Richard Denniss, co-Chief Executive Officer, the Australia Institute // @richarddenniss

Host: Anna Chang, Managing Editor, The Point // @annachang

Show notes:

The Wrap: After a decades-long fight, housing tax reform becomes reality by Matt Grudnoff, The Point (July 2026)

Theme music: Blue Dot Sessions

After decades of hugely helping the rich, can the rest of us finally get ahead now?

 — Organisation: The Australia Institute — 

The biggest and best tax reforms in 25 years just passed the Parliament.

In fact, you would have to go back way before the noughties to find tax reforms that will make Australia fairer than Labor’s reforms passed this week with the support of the Greens and David Pocock in the Senate.

Most tax reforms passed in the last 25 years have been either tweaks, regressive (penalising poorer people or helping the rich), or have been repealed. More on that later.

Labor’s tax reforms are progressive, and the most talked about reforms are the ones that will affect housing. Finance journalist Alan Kohler neatly summarised Australia’s housing crisis this way: “It’s no longer possible for somebody who doesn’t have reasonably wealthy parents to buy a house. It’s as simple as that. And it’s a fundamental change to Australian society.”

That’s the problem Labor is targeting with these reforms.

What Modern Classical Education Misses

 — Organisation: The Claremont Institute — 

The gains made in classical education in recent years are truly encouraging. Students are once again learning great names, great stories, and encountering primary texts that invite them to participate rather than be passive observers. But while the classical academic program is teaching our children the names of virtues long out of fashion, we should ask whether we have created the conditions in which those virtues can truly take root and flourish.

In the Cyropaedia, Xenophon’s account of Cyrus’s formation and adventures before he ascended to Persia’s throne, Xenophon describes the paideia, or the process of formation whereby young men become statesmen. Xenophon’s Cyrus grew up with rigorous discipline: combat, cold exposure, fasting, and the austere corrections of men hardened by war. His education was a series of experiences fashioning him for military service, accustoming him to privation, and schooling him in the unapologetic art of justice.

From the Declaration to Donald Trump

 — Author: Thomas Zimmer — 

'United States Has Wedded to Idiocy': Chris Hedges | Talk to Al Jazeera

 — Author: Chris Hedges — 

The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Laura Field Mangles the Founders and Lincoln

 — Organisation: The Claremont Institute — 

Laura Field once again accuses me of “distort[ing] and obscur[ing] a specific passage from an important speech by Lincoln.” She also accuses me, once again, of betraying the teaching and legacy of Harry Jaffa—an extraordinary claim for Field to make, considering that in her book she admits to finding Jaffa “unreadable” and plainly demonstrates that she doesn’t understand him.

In truth, Field is the one doing the distorting and obscuring—both in her new articles and in her book, which I showed when I reviewed it earlier this year. I will go through the logic chain line by line, which can get tedious, so be warned, but before I do, let me cut to the chase and state a few conclusions up front. Which will make this, in addition to tedious, a bit repetitive, so be warned about that too.

Stop, Collaborator, and Listen!

 — Author: Sarah Kendzior — 

It is the 250th anniversary of St Louis and the city is covered in cakes and police tape.

The cakes are colorful plastic creations placed at local landmarks in early 2014, before officials knew St. Louis’ tourist rush would consist of reporters and activists and militias drawn to mass protests over the police murder of teenager Michael Brown.

St. Louis turned 250 the year the Ferguson uprising gripped the nation. Americans were more innocent back in 2014. We still believed that exposure brought accountability. So we exposed the police, we exposed the system, and we exposed ourselves — to tear gas, to exploitation, to betrayal. We used new technology sold as liberation: the same apps that serve as technofascist tracking tools now.

It’s been a long twelve years.

The 2026 Fourth of July festivities mark my second go-round with a 250th birthday celebration in a violent police state. No one can say I don’t know how to party like an American.

* * *

07/03/2026 Market Update

 — Organisation: Applied MMT — 

Update Preview

07/03/2026 Market Update

A big jobs miss (57k vs. 129k expected) shook markets yesterday, but price stabilized right back to where it started and the bigger picture hasn't changed. Flows are re-accelerating strongly into July, and everything in our toolkit still points to a sideways grind before a breakout into August.

This week I spend some time on a macro topic I think is more important than ever: the dollar, and why its direction quietly matters for your returns even when the index looks flat. I walk through the actual math of how a falling dollar affects a US portfolio versus a hedged international one and why I've been positioning for dollar weakness since early 2025.

On markets, there's one signal flashing caution amid an otherwise constructive setup, and I explain why I read it as noise rather than a warning. Plus: the strongest flow re-acceleration we've seen in a while, what it means for the cycle's runway, and the volatility pattern I'm watching as we head toward September. Full breakdown below.

Requiem for America on the Fourth of July

 — Author: Chris Hedges — 

Women’s and LGBTIQ+ groups say Coalition’s Bill will undermine the safety and privacy of all women

 — Organisation: Equality Australia — 

3 July 2026 – LGBTIQ+ groups and women’s organisations say the Coalition’s Bill to redefine ‘sex’ would undermine the privacy and safety of all women, and strip trans people of basic legal protections.

The Bill, voted down in the Senate 30 votes to 21 on Wednesday, would have also overridden existing state and territory protections, reversed decades of progress in anti-discrimination law for women and created unintended consequences for intersex people.

Chair of the Women’s Legal Services Australia, Elena Rosenman:

“The SDA provides critical protection for women, trans and gender diverse people and people who are intersex. This Bill would weaken these protections and take Australia backwards by inviting gender policing.

“No woman should have to prove she is 'woman enough' to be protected from discrimination. The strength of the SDA is that it reflects the reality of women's lives and protects people from discrimination based on harmful gender stereotypes.

“At a time when women continue to face discrimination, harassment and gender-based violence, Parliament should be focused on strengthening those protections for everyone - not creating a two-tiered system where some women are protected and others are left behind.”

It’s important to celebrate the wins | Between the Lines

 — Organisation: The Australia Institute — 

The Wrap with Matt Grudnoff

The government’s changes to negative gearing and capital gains tax passed the parliament last week. This is a big moment in the fight to make housing more affordable.

For too long policies to make housing more affordable have done nothing to slow the rapid increase in house prices. In fact, many of them made prices rise faster.

While it is early days, it seems that the housing market is already slowing and there are predictions that there will be small falls in house prices. These falls in prices are mainly being driven by uncertainty in the market. Many people are waiting on the side lines to see how everything washes out.

Photo: AAP Image/Dean Lewins

Read more >

What Canadians Can Learn from Progressive Governance in Mexico

 — Publication: Perspectives Journal — 

Out of the ashes of decades of neoliberalism, Mexican President Claudia Sheinbaum has focused on empowering the working class.

Drop Site News Latin America Reporter José Luis Granados Ceja spoke to Broadbent Institute about what Canadians can learn from Mexico’s experience in building a progressive movement that is transforming the country, lifting citizens out of poverty, and pushing back against US economic threats.

Centering the working class, creating universal social programs, and presenting a progressive transformative are needed for a mass movement to stand alongside their nation’s leadership to defend sovereignty and democracy.

John Quincy Adams and the Promise of an American Golden Age

 — Organisation: The Claremont Institute — 

One of the earliest civic traditions to emerge in the United States was the Fourth of July oration. Prominent citizens gave speeches in churches, town halls, and philanthropic societies reflecting on what it meant to be an American. These speeches often included a full reading of the Declaration of Independence, an exercise recommended by founding mother Mercy Otis Warren to American youth “as a palladium of which they should never lose sight, so long as they wish to continue a free and independent people.”

One of the most famous—and arguably best—of these orations was delivered by Secretary of State John Quincy Adams on July 4, 1821, on the floor of the House of Representatives.

Today, Adams’s speech is best known for his brief concluding remarks on foreign policy—that America “goes not abroad in search of monsters to destroy.” But his task was even larger than sketching out an enduring approach to U.S. foreign policy. The speech was intended to show his fellow citizens that the principles of justice and philosophical claims embedded in the Declaration of Independence cohered with their own political experience and could guide them to national greatness.

Up from Monarchy

AEMO should be split in two

 — Organisation: Economic Reform Australia (ERA) — 

AEMO should be split in two, transmission put in public ownership in new push for overhaul of “failed” NEM Sophie Vorrath The Australian energy market…

The post AEMO should be split in two appeared first on Economic Reform Australia.

A real ‘intergenerational equity’ budget would address our unceasing environmental decline

 — Organisation: Economic Reform Australia (ERA) — 

A real ‘intergenerational equity’ budget would address our unceasing environmental decline Timothy Neal Recently the Australian federal government unveiled a budget designed to tackle intergenerational…

The post A real ‘intergenerational equity’ budget would address our unceasing environmental decline appeared first on Economic Reform Australia.

Fossil fuel myths are slowing the energy transition

 — Organisation: Economic Reform Australia (ERA) — 

Fossil fuel myths are slowing the energy transition Mark Diesendorf Misleading claims about renewables, backed by the influence of the fossil fuel industry, are slowing…

The post Fossil fuel myths are slowing the energy transition appeared first on Economic Reform Australia.

Comments on Australia’s rising house prices

 — Organisation: Economic Reform Australia (ERA) — 

Comments on Australia’s rising house prices Steve Keen Extracted from a LinkedIn posting and Youtube video [1] Australia’s housing obsession is one of its greatest…

The post Comments on Australia’s rising house prices appeared first on Economic Reform Australia.

Will Private Credit have a ‘Minsky Moment’

 — Organisation: Economic Reform Australia (ERA) — 

Will Private Credit have a ‘Minsky Moment’ Alan Prout The Financial Review, Australia’s daily business paper, reported in November 2025 that the Australian Securities and…

The post Will Private Credit have a ‘Minsky Moment’ appeared first on Economic Reform Australia.

To avoid future road, rail and renewable blowouts costing billions

 — Organisation: Economic Reform Australia (ERA) — 

To avoid future road, rail and renewable blowouts costing billions, Australia needs these three big fixes Dominic D Ahiaga-Dagbui Australia has a remarkably poor record…

The post To avoid future road, rail and renewable blowouts costing billions appeared first on Economic Reform Australia.

Steve Keen on what caused the Great Depression and the 2008 Financial Crisis

 — Organisation: Economic Reform Australia (ERA) — 

Steve Keen on what caused the Great Depression and the 2008 Financial Crisis Google AI Overview [1] According to economist Steve Keen, both the Great…

The post Steve Keen on what caused the Great Depression and the 2008 Financial Crisis appeared first on Economic Reform Australia.

Thinking about the genuine progress indicator

 — Organisation: Economic Reform Australia (ERA) — 

Thinking about the genuine progress indicator Steven Hail Genuine Progress Indicator (GPI) studies provide a monetary valuation of the net benefits of economic activity, once…

The post Thinking about the genuine progress indicator appeared first on Economic Reform Australia.

Australia still needs a real national housing strategy

 — Organisation: Economic Reform Australia (ERA) — 

Australia still needs a real national housing strategy Hal Pawson and Chris Martin Labor’s capital gains tax and negative gearing reforms are a major step…

The post Australia still needs a real national housing strategy appeared first on Economic Reform Australia.

Sacred Honor

 — Organisation: The Claremont Institute — 

At two o’clock in the afternoon on August 17, 1858, Abraham Lincoln rose to address a crowd gathered at the Fulton County Courthouse in Lewistown, Illinois. He came to answer Senator Stephen Douglas, who had given a speech in Lewistown the day before. According to newspaper reports, Lincoln spoke for two and a half hours and had more listeners at the end of his remarks than when he began. The speech he delivered was not simply part of a campaign to challenge Douglas for the U.S. Senate seat. It was an act of recovery—an effort to recall the meaning of the American Founding at a moment when its principles were contested and under strain.

Lincoln spoke on that occasion of the evil of slavery existing in the American colonies when the Second Continental Congress adopted the Declaration of Independence in 1776. “These communities, by their representatives in Old Independence Hall,” he recounted,

Agency Independence in One Agency: Humphrey’s Executor is Cowering in the Basement of the Eccles Building

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 
Agency Independence in One Agency: Humphrey’s Executor is Cowering in the Basement of the Eccles Building

Today is the 6th anniversary of Bloomberg Businessweek's profile on me, which forever changed my life. Its so long ago now that many readers may not actually be familiar with it, so I'm linking to it for the first time in many years.

To those who have hung around all these years, through the highs and lows, thank you for your support. For those who have never taken out a paid subscription, there has never been a better time.

“You Can Tell the Supreme Court Does Not Want to Mess with the Fed. They’ve said it as clearly as they can”

—Former Federal Reserve Chair Jerome Powell

BREAKING: Housing slightly more affordable

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Matt Grudnoff joins Elinor discuss the positive impact of the government’s changes to negative gearing and capital gains tax, why migration hasn’t caused the housing crisis, and concerns about negative equity and grandfathering of the policies.

This discussion was recorded on Thursday 2 July 2026.

Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

No, rents won’t increase by $2,000 a year because of changes to negative gearing by Matt Grudnoff, The Point (June 2026)

It may be time to calm the farm on falling house prices by Greg Jericho, The Point (June 2026)