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A Spectrum Approach to Monetary Sovereignty and Our Dollar World

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 
A Spectrum Approach to Monetary Sovereignty and Our Dollar World

Hello Readers, I have taken the last few days to rest after an intense 80 hour work week last week, having written four pieces totaling 16,000 words. I also felt that that run of pieces have sufficiently prepared readers for events this week that I didn’t need to rush out a follow up piece about the dollar. However, I thought it would be a good prelude to what I want to say to share- for the first time- the written version of a talk I gave at the University of Manchester nearly seven years ago. This talk, entitled “Monetary Sovereigns, Monetary Subjects and Monetary Vassals: A Spectrum Approach to Monetary Sovereignty and Our Dollar World”, lays out the basic building blocks of how I think about the international monetary order. This talk was written for an international public law audience, but I think its core points remain accessible. In any case, it will be an important touchstone to what I have to say in today’s context. For reasons of historical accuracy, I haven’t updated this talk with my current thinking or anything I’ve changed my opinion about. Nevertheless, I think it holds up quite well. Next week I will refocus on the payments crisis, with multiple pieces about what's going on in that Arena.

Emptying Gaza (w/ Norman Finkelstein) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.

Israel, both materially and rhetorically, has made their intent to destroy the Palestinian people clear. One of the most renowned and courageous Middle East scholars, Norman Finkelstein, has assiduously documented the Palestinian plight for decades and he joins host Chris Hedges on this episode of The Chris Hedges Report. Finkelstein and Hedges assess the current state of the genocide in Palestine as well as how the media and the universities have all but abandonded their principles in servitude to the Zionist agenda.

The Week Observed, April 18, 2025

 — Publication: City Observatory — 

What City Observatory Did This Week

Congestion pricing can work anywhere, even where there isn’t much transit. While New York City garners headlines for its congestion pricing triumph, Louisville, Kentucky demonstrates that pricing works brilliantly in smaller metros too. After implementing a modest $2.61 toll on I-65 bridges crossing the Ohio River, traffic volumes plummeted by half, with total river crossings down 15%.

Another Sleight of Hand?

 — Organisation: The Claremont Institute — 

By the sound of it, the University of Michigan’s seeming about-face on DEI has the potential to be a drastic change for the better—but right now it’s only a distant potential. The university has been obsessed with DEI for a long time, and any serious shift in its approach will require a profound cultural and ideological change.

What we now call wokeness and DEI erupted on the public scene sometime around 2014, perhaps linked to the race riots emanating from Ferguson, Missouri. But for those of us connected to America’s institutions of higher learning, this progressivist view of social life has been around for quite a bit longer, percolating in academia among radical thinkers at least since the 1970s.

I was introduced to the now-familiar conceptual architecture of DEI in the middle of my time as an undergraduate at the University of Michigan. I didn’t know it at the time, but I was at U-M when woke was taking root.

In the fall of 2006, I participated in the university’s Program on Intergroup Relations. I learned about social identities, privilege, intersectionality, marginalized groups, systemic oppression, etc. It was all so faddish and intellectually shallow. Even as an undergraduate, I didn’t find these all-encompassing doctrines compelling. But it was evident many of my peers did.

Looking forward, looking back | Between the Lines

 — Organisation: The Australia Institute — 

The Wrap with Amy Remeikis

In October 1980, before almost half the people voting in this election were born, Ronald Reagan posed what became one of the defining questions of modern politics.

Are you better off today than you were four years ago?

Reagan would go on to beat Carter and along with Margaret Thatcher, usher in the neo-liberal era to western democracies.

It’s been a standard in campaigns ever since.

Peter Dutton has revived it for the 2025 Australian campaign, asking voters to think about if  they are better off now, than they were three years ago.  He has been deploying it with increasing frequency (with four references in the most recent leaders debate alone) confident that the retrospection will fall his way, because the rear vision mirror is always a safer bet for a politician than the windscreen.

But it’s the wrong question.  It always has been.  In this current context, the question is asking you what?  Are you better off now than you were before a global pandemic rocked your entire foundation? Are you better off than before you survived the global inflation crisis that followed that pandemic? Are you better off than before you watched Israel carry out a genocide against the Palestinian people while your leaders pretend it’s not only not happening, but they have no role to play in it?

Are you better off than before  Donald Trump was elected? Were you better off before you saw the worsening impacts of climate change continue to devastate communities and the planet?

The American Mind Podcast: The Roundtable Episode #263

 — 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.

Future-Maxxing | The Roundtable Ep. 263

Election entrée: Speakers from other parties

 — Organisation: The Australia Institute — 

ABC News reports that both the Government and Opposition have sounded out independent MP Andrew Wilkie and Centre Alliance MP Rebekha Sharkie as potential speakers in the next parliament.

If it is a minority government, losing a government MP to the speaker position could hurt – giving a crossbencher the role helps the government numbers.

But it would also be consistent with longstanding practice in the UK, and more recently in South Australia.

Every Australian parliament – federal, state and territory – has had a speaker from a party other than the one in government at some point.

The speaker is responsible for keeping order in the lower house and defending the house’s rights and privileges. They also share responsibility for the security, upkeep and functioning of the parliament.

The first speaker of the House of Representatives, Sir Frederick Holder, resigned his party membership upon election to the role in 1901, following the British tradition of an independent speakership.

After he died in office, that tradition was abandoned until 2011 when the Gillard government elected Coalition MP Peter Slipper to the speaker’s chair.

Intending to revive the independent tradition, he resigned his party membership – but was replaced as speaker by Labor’s Anna Burke a year later.

Crushing the Australian (and Elinor’s) dream

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Greg and Elinor discuss the second leaders’ debate, the major parties’ housing policy announcements, and the two big elephants in the room: negative gearing and the capital gains tax discount.

This discussion was recorded on Thursday 17 April 2025 and things may have changed since recording.

Follow all the action from the federal election on our new politics live blog, Australia Institute Live with Amy Remeikis.

Order ‘After America: Australia and the new world order’ or become a foundation subscriber to Vantage Point at australiainstitute.org.au/store.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

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

Show notes:

Vanessa Boon

 — Organisation: The Equality Trust — 

Vanessa is the Equality Trust’s Senior Project Officer. She champions the meaningful implementation of the Socio-Economic Duty (SED) to help build a fairer society. She represents the Equality Trust on the SED Expert Advisory Group to the Cabinet Office, the #1forEquality alliance and Make Equality Real campaign coalition. Key to her work is centring the […]

The post Vanessa Boon appeared first on Equality Trust.

When College Might Not Be Worth It

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Explaining Judge Boasberg’s finding of probable cause for criminal contempt judgment against Trump regime

 — Author: Heidi Li Feldman — 
The Constitution does not tolerate willful disobedience of judicial orders — especially by officials of a coordinate branch who have sworn an oath to uphold it. To permit such officials to freely “annul the judgments of the courts of the United States” would not just “destroy the rights acquired under those judgments”; it would make “a solemn mockery” of “the constitution itself.” United States v. Peters, 9 U.S. (5 Cranch) 115, 136 (1809) (Marshall, C.J.). — from Judge Boasberg’s opinion.

Today, Judge Boasberg issued a slightly complicated opinion and order regarding the Trump executive’s apparent contempt of court in obeying his orders regarding Venezuelans the executive surreptitiously captured and sent to prison in El Salvador. The complexity is actually brilliant.

Boasberg found that there is “probable cause” for finding Trump officials in criminal contempt. Boasberg also set out a procedure for eventually reaching a criminal contempt judgment. That procedure ensures due process for any Trump official fined or jailed while keeping the public spotlight on the Trump executive’s likely refusal to obey the court yet again.

Trump’s Smithsonian Counter-Revolution

 — Organisation: The Claremont Institute — 

Every nation has a story. Recently, the Washington Post described the Smithsonian Institution, with its 21 museums and 14 educational and research centers, as “the official keeper of the American Story.” What kind of story have they been telling about our country?

On March 27, President Trump issued an executive order arguing that there has been a “concerted and widespread effort to rewrite our Nation’s history” and promote a “distorted narrative driven by ideology rather than truth.” This “revisionist movement” casts American “founding principles and historical milestones in a negative light.” A White House fact sheet calls for “revitalizing key cultural institutions and reversing the spread of divisive ideology.” Vice President JD Vance, a member of the Smithsonian Board of Regents, is tasked with leading the administration’s efforts. 

Is College Still Worth It?

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

The Rent Is Too Damn Artificial

 — Organisation: Strong Towns — 

American Concentration Camps

 — Author: Chris Hedges — 

This Canadian City is Taking a Hard Look at its Finances

 — Organisation: Strong Towns — 

Election entrée: Things that are only milestones in the post-war era

 — Organisation: The Australia Institute — 

For many journalists, the past – specifically the past before 1945 – is a foreign country.

Election coverage is replete with references to “firsts” or “milestones” that assume that Australian history began in the post-war period.

But a longer view would help us better understand the political processes around us.

Journalists described the 2010 federal election result as “Australia’s first hung parliament in 70 years”.

You could alternatively say that the 2010 election produced Australia’s seventh hung parliament.

No party or existing coalition won majorities in 1901, 1903, 1906, 1919, 1922 or 1940.

Minority governments depended on negotiation and collaboration for success and, indeed, survival.

As with those earlier elections, the 2010 result ensured that parliament played a role in keeping governments accountable.

Similarly, journalists said that the 2022 election produced a “record crossbench of at least 16”. But it is only a record in the post-war era.

The cruel housing hoax

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, the Australia Institute’s Amy Remeikis and Bill Browne join guest host Stephen Long to discuss housing policy, the Australian electoral system, and the need for truth in political advertising laws.

This discussion was recorded on Tuesday 15 April 2025 and things may have changed.

Follow all the action from the federal election on our new politics live blog, Australia Institute Live with Amy Remeikis.

Order ‘After America: Australia and the new world order’ or become a foundation subscriber to Vantage Point at australiainstitute.org.au/store.

Guest: Amy Remeikis, Chief Political Analyst, the Australia Institute // @amyremeikis

Guest: Bill Browne, Director, Democracy & Accountability, the Australia Institute // @browne90

Host: Stephen Long, Senior Fellow & Contributing Editor, the Australia Institute // @stephenlongaus

Show notes:

Come Join Me LIVE NOW for a Q&A

 — Author: Chris Hedges — 

Thanks for reading The Chris Hedges Report! This post is public so feel free to share it.

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Is DOGE Enough?

 — Organisation: The Claremont Institute — 

President Trump’s Department of Government Efficiency is perhaps the most welcome wake-up call for the federal government—and its obscene spending habits—in decades. It is refreshing to see many overpaid, underworked, often-vacationing federal employees fretting about whether their cushy jobs will disappear, and to see at least one branch of the federal government working to rein in our massive deficit spending. All of this is long overdue.

Yet it remains to be seen whether DOGE will help jump-start a serious and sustained effort to restore fiscal sanity, or whether its high-profile efforts will wrongly convince Americans that enough has been done, and that we can stop worrying that the federal government is bankrupting the country. If the former happens, it will be an extraordinary and much-needed development; if the latter, it will provide further evidence that, as Lincoln warned us nearly two centuries ago, if our republic is to be destroyed, it will be destroyed from within.

There are already signs that DOGE might not be able to deliver as much as originally promised. 

Media Report 16-4-2025

 — Organisation: Free Palestine Melbourne — 
ISRAEL-PALESTINE MEDIA REPORT 16.4.25 US must act on killings  The Age | Letters | 16 April 2025 https://edition.theage.com.au/shortcode/THE965/edition/78aeee5a-b151-c9b3-75b7-3e3dd9564559?page=da8fdc97-df47-1e8f-ccfb-9b21b04711dc Since when did children’s playgrounds, schools and places of worship become legitimate military targets for Russian and Israeli drones to kill and maim unsuspecting Ukrainians and Palestinians, many of them women and children? Dismissing such war crimes […]

Doing the Math as a City Council Member

 — Organisation: Strong Towns — 

Using art to reshape masculinities: a perspective from Mexico

 — Publication: Advancing Learning and Innovation on Gender Norms (ALIGN) — 
Using art to reshape masculinities: a perspective from Mexico ESubden Blog Guillermo Jiménez ALIGN Mexico 1544, 46, 131

Election entrée: Parliaments changing the government

 — Organisation: The Australia Institute — 

In Australia’s Westminster system, governments depend on MPs for support – and MPs can be replaced part-way through the term or change their minds about who to support.

Since Federation, the governing party changed eight times due to non-electoral events, most recently in 1975 with the Dismissal of the Whitlam Government.

While in 1975 it was the Governor-General who forced a change, the other seven were caused by MPs changing their minds about who to support or governments failing to get their agenda passed through the parliament.

A government can also lose its parliamentary majority outside of a general election but hold on to power.

In 2018, when Malcolm Turnbull quit Parliament and independent Kerryn Phelps won his seat, the Morrison Government fell into minority. The government survived, although legislation to allow for medical evacuation of sick refugees and asylum seekers became law despite the government’s opposition.

At the state level, since 1992 there have been three times when crossbenchers have forced a change in premiers or ministers, without bringing down the rest of the government – most recently in Tasmania last year.

Crossbenchers can demand the old convention of ministerial responsibility is upheld without threatening the survival of the government as a whole.

The four things (mostly) missing from the major parties housing platforms

 — Organisation: The Australia Institute — 

The housing crisis continues to grip Australia and it’s a central part of this election campaign. Unfortunately, while both major parties have made housing policies key parts of their election platforms their policies mostly tinker around the edges and fail in four key ways.

Dutton’s nuclear push will cost renewable jobs

 — Organisation: The Australia Institute — 

Dutton’s nuclear push will cost renewable jobs

As Australia’s federal election campaign has finally begun, opposition leader Peter Dutton’s proposal to spend hundreds of billions in public money to build seven nuclear power plants across the country has been carefully scrutinized.

The technological unfeasibility, staggering cost, and scant detail of the Coalition’s nuclear proposal have brought criticism from federal and state governments, the CSIRO, the Climate Council, the Electrical Trade Union (ETU), the Climate Change Authority, the Australia Institute, and independent energy experts.

Busting myths on Q+A | Richard Denniss highlights

 — Organisation: The Australia Institute — 

Economist Richard Denniss joined ABC’s Q+A to dig into the election promises and explain how we can actually help people who are struggling in Australia.

Will the major parties housing policies actually help?

With calls for more spending to help those struggling the most, what are Australia’s options to collect more revenue?

“Australia is the third biggest fossil fuel exporter in the world. “Norway, which is also a big fossil fuel exporter, they tax their fossil fuel industry and give their kids free university education. “In Australia, we subsidise the fossil fuel industry.”

“We can either collect more tax from the big businesses that can afford to pay it, or we can say, Sorry, Marge, you’ve had it too good.”

The post Busting myths on Q+A | Richard Denniss highlights appeared first on The Australia Institute.

04/14/2025 Market Update

 — Organisation: Applied MMT — 

Template: Developing/Reviewing an Organising Program

 — Organisation: The Commons Social Change Library — 

Introduction

Does your organisation have an organising program? Here is a template for developing and/or reviewing your organising program.

This template is modified from the Organising Models Mapping Project survey. View the articles from this research project on The Commons Social Change Library.

Feel free to modify this template for your organisation’s use by picking out the sections that are most relevant.

Please note that the Organising Models Mapping Project researched approaches to organising in Australia and Aotearoa/NZ. The situation may be different in your country or community. If you have other frameworks, tools or articles to share on The Commons, we welcome your input. 

Thanks to Beth Koch (formerly Australian Conservation Foundation), Anita Tang (Australian Progress) and Dr Robin Gulliver for their work on this project. 

If you have any questions contact Holly Hammond: holly@commonslibrary.org 

Golfing while Rome burns

 — Organisation: The Australia Institute — 

On this episode of After America, Daniel James, award-winning journalist and host of the 7am podcast, joins Dr Emma Shortis to discuss the potential blowback against Trump’s tariffs at the midterms and whether the next federal government might introduce a little more transparency into Australia’s foreign and defence policy-making processes.

This discussion was recorded on Wednesday 9 April 2025 and things may have changed since recording.

Order ‘After America: Australia and the new world order’ or become a foundation subscriber to Vantage Point at australiainstitute.org.au/store.

Guest: Daniel James, award-winning writer, broadcaster and co-host of 7am // @mrdtjames

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @EmmaShortis

Show notes:

Polling – President Trump, security and the US–Australian alliance, the Australia Institute (March 2025)

Power in the Age of Fracture, Part II

 — Organisation: The Claremont Institute — 

In the wreckage of World War II, there was no question who had won. Europe lay physically and morally bankrupt—its cities shattered, its institutions hollowed out, and its spiritual confidence extinguished in the fires of fascism and the humiliations of collaboration. America, in contrast, emerged not only militarily triumphant, but also civilizationally intact. It stood at the apex of industrial productivity, financial power, and—most crucially—a sense of providential mission. The nation had saved the world again from barbarism, and now it would rebuild it.

The instrument of this rebuilding was not martial coercion but what was euphemistically called the European Recovery Program. The Marshall Plan, as it came to be known, was a masterstroke of economic strategy. But it was more than that—it was a civilizational covenant. Through grants and loans, technology transfers, and institutional design, the United States reseeded the very soil of European life with the means of moral and material reconstruction. The goal was not merely to avert famine or restore infrastructure, but to reorient Europe toward the West—toward a shared vision of liberty, dignity, and law grounded in the remnants of a Christian moral order.

Western Europe rose from the ashes, and for a time, it seemed to regain its footing. From the founding of NATO to the forging of the European Economic Community, the transatlantic alliance was not merely a political convenience, but an expression of civilizational unity.

Will Peak Demand Roil Global Oil Markets? 

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Cities Are Already Defaulting on Their Debts

 — Organisation: Strong Towns — 

Chris Hedges Live Q&A Tomorrow, April 15 7:00pm ET

 — Author: Chris Hedges — 

Join me tomorrow on my YouTube channel for a live Q&A at 4pm PT / 7pm ET. I will pull questions from the comments of this post, my X, and live on YouTube. To post your questions here, you must be a paid subscriber to my Substack. Please attempt to keep your questions direct and relatively brief, as I cannot read entire paragraphs during the show.

Thanks for your support!


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

Next Past & Present Reading Group Text

 — Publication: Progress in Political Economy — 

This is to announce that the Past & Present Reading Group will be meeting to discuss, on a weekly basis and starting in June, our next text which is:

Heidi Gerstenberger, Market and Violence: The Functioning of Capitalism in History. Haymarket, 2023.

We are just finishing our 33rd book book in the group, which is Mario Tronti, Workers and Capital (Verso, 2019) and a commentary on that book will be available soon.

Following on from that, the P&P Reading Group will commence Gerstenberger’s Market and Violence on Thursday 12 June @5:00pm (AEST) on Zoom and each Thursday week thereafter at the same time. The group convenor Adam Morton can be contacted for further details on the Zoom link, subject to limited available numbers.

As with all the volumes we read, please click on the book titles below for more details:

Amnesty By Another Name

 — Organisation: The Claremont Institute — 

Professor James Hankins has written a sincere but largely misguided piece advocating for what amounts to a national guest worker program with a delayed pathway to citizenship. He proposes, with appropriate modesty, that “The advantages of this [immigration] proposal may not seem obvious at first sight to Republicans.” Let me, with all due humility, suggest that the alleged advantages are not obvious because they are not there. While Hankins’s program has a slightly different taste, it is basically the same old amnesty wine in a new bottle.

His core problem is viewing immigration policy as one issue among many in which any proposed solution should ultimately be subject to a popularity contest. In reality, immigration is an existential issue, and the way we approach it defines what kind of community we will be.

Down the Rabbit Hole on Black Journalist Duke Wellington Berry

 — Author: Betsy Phillips — 
The trailblazing Black Nashvillian had bylines in the Banner and The Tennessean as early as 1910

Muslim leaders' evolving views of child and adolescent health and life skills in Sierra Leone

 — Publication: Advancing Learning and Innovation on Gender Norms (ALIGN) — 
Muslim leaders' evolving views of child and adolescent health and life skills in Sierra Leone ESubden Report Regina Mamidy Yillah, Augustus Osborne, Anaïs Bash-Taqi, Saidu Wurie Jalloh ALIGN, IfD View report<

Tactic – Flash Mobs

 — Organisation: The Commons Social Change Library — 

Introduction

What are flash mobs? Here is a curated collection of resources about what they are, how to do a flash mob, and examples from around the world.

What are Flash Mobs?

A spontaneous, contagious, and often celebratory protest that often uses social media or word of mouth to gather people on short notice in a particular place at a particular time. – Beautiful Trouble

A group of people summoned (as by email or text message) to a designated location at a specified time to perform an indicated action before dispersing. – Merriam Webster Dictionary

Flash Mob refers to any online-coordinated event in which an ad-hoc group of participants meet up at a central location for various purposes. While certain flash mobs may convey a political or commercial message, they are usually organized for the spontaneous amusement of the participants and bewilderment of bystanders. – Know Your Meme

Housing cash splash – two out of three ain’t good enough

 — Organisation: The Australia Institute — 

Labor’s announcement that a returned Albanese government would build 100,000 houses for first home buyers is hardly radical. Who’d have thought that actually building houses for people to live in might work? It would.

The Prime Minister’s other housing announcement – to allow people to buy a home with a deposit of just 5%, to avoid mortgage insurance – would give more buyers the chance to bid against each other and push prices up.

The Liberal policy, to allow first home buyers of new homes to claim the interest as a tax deduction, would do the same. Enabling them to dip into their super would make things worse and risk making them poor in retirement.

Neither Anthony Albanese nor Peter Dutton mentioned the two obvious reforms that would help to solve the housing crisis: scrapping or reducing negative gearing and removing the capital gains tax discount for investors.

“We welcome the government’s plan to build 100,000 homes,” said Matt Grudnoff, Senior Economist at The Australia Institute.

“The Australia Institute has long argued the best way for the government to improve housing affordability is to build and own more homes for people to live in – much as it does for Defence Housing Australia.

“This plan is not radical and should become standard for all governments.

“But the plan to guarantee a 5% deposit for first-home buyers will put pressure on prices.

Media Release: Wills Candidates and Community Leaders Forum

 — Organisation: Free Palestine Melbourne — 
On Tuesday 15th April, 6:30pm, Free Palestine Melbourne and Muslim Votes Matter are hosting a joint Justice at the Ballot Box forum of political candidates and community leaders at Schoolhouse Studios in Coburg.

Organising in the Arab World: Resources from Ahel

 — Organisation: The Commons Social Change Library — 

Introduction  | مقدمة

Here is a collection of resources about community organising in the Arab World. These resources are from an organisation called Ahel.

Ahel works across the Arab region to support people leading collective action for justice, freedom, and equality to build their people power.

Using a values-based community organizing approach, Ahel coaches campaigns, trains leaders in organizing and participatory leadership, and connects changemakers who share a commitment to dignity and justice.

Ahel produces Arabic-language knowledge on community organizing and documents campaign journeys and successes—sharing real stories of how people power drives change.

Ahel’s methodology is based on Marshall Ganz’s work in value based community organizing adapted and expanded for the context of the Arab speaking region.

The problem of ‘productivity’

 — Publication: Progress in Political Economy — 

The concept of productivity, including those for labour, capital and multi-factor productivity (MFP) are central to economic discussion about national economic performance, government policy and income distribution. There is common agreement that productivity growth has been, and remains, central to the long-run improvement in living standards. However, the orthodox or neoclassical, conceptual foundation of productivity, which informs both the work of the Australian Bureau of Statistics estimates of productivity growth, media analysis and economic policy is rarely subjected to critical analysis.

The issue of productivity, its measurement and the problems with these measures is a very large one. To assist important economic policy debates that revolve around the concept of productivity, David Richardson (The Australia Institute) and I have written this very short briefing paper, which is being published today on Progress in Political Economy (PPE). The paper sets out just a few of the long-standing questions that have been raised over many decades about the conceptual and empirical robustness of the concept and its role informing public policy.

The main findings include:

Election entrée: Surprising preference flows

 — Organisation: The Australia Institute — 

The LNP came first on 38%, Labor second with 27%, and the Greens third also with 27% – just 11 votes behind Labor.

A surprising trend emerged: when right-wing minor party candidates were eliminated their preferences favoured the Greens over Labor.

Preferences from United Australia and One Nation voters, as well as Animal Justice voters, propelled Greens candidate Stephen Bates ahead of Labor, at which point Labor preferences won the seat for Bates at the expense of sitting LNP MP Trevor Evans.

Elsewhere in Queensland, in the seat of Groom, independent Suzie Holt went from fourth place with 8% of the vote to finish second with 43% on preferences.

This improbable result occurred because she was favoured above the Liberal National candidate by voters across the political spectrum: Greens, One Nation and Labor voters.

These unexpected results are a reminder that you, the voter, decide your preferences, not the political parties – and those preferences could decide an election.

The post Election entrée: Surprising preference flows appeared first on The Australia Institute.

Is the Trump Tariff Financial Crisis A Crisis of the Dollar? It Doesn’t Seem to Be … Yet

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 
Is the Trump Tariff Financial Crisis A Crisis of the Dollar? It Doesn’t Seem to Be … Yet

For those just tuning in: I wrote a piece a day for the first three days of this week on what we should probably now term the “Trump Tariff Financial Crisis”. I am coming to you Sunday because, yes, I am a human and took much of the rest of the week off. I even slept at night! Three times in a row! Vanity Fair’s profile of Joe Weisenthal and Tracy Alloway a very bad sign, and very resonant to my experience this week: “No! Sleep! For Bloomberg! How the Media Giant’s Joe Weisenthal and Tracy Alloway Survived a Manic Week”. Well, I did take about 16 hours to write this piece, but I did it at a slower pace with lots of breaks. 

I’ll admit it. Dutton is spot on about one thing when it comes to gas

 — Organisation: The Australia Institute — 

Australia doesn’t have a gas shortage, Australia has a gas export problem; and putting a levy on gas exports will help fix the problem.

Unfortunately, Dutton’s wrong on almost everything else.

Gas is driving up the cost of living. After Australia started exporting gas, wholesale gas prices in Australia tripled.

You now pay global prices for Australian gas. For over a decade the gas industry has been pushing the lie that Australia has a gas shortage, but the problem is we export around 80 per cent of our gas.

No matter what crap the gas industry tries to feed you – Dutton has correctly identified Australia has a gas export problem.

For the first time in over a decade, all sides of politics in Australia agree that we’re exporting too much gas, including the Labor government, the Liberals and Nationals, the Greens and most of the independents who sit on the crossbench.

It’s a remarkable political consensus. Politicians now have the opportunity, in the middle of a cost-of-living election, to finally put a stop Australians getting ripped off by the gas industry. It would be a win for the economy, a win for your back pocket and a vote winner for politicians.

To fix Australia’s gas export problem, the Coalition is proposing to tax gas exports to ensure our gas flows first to Australian businesses and households.

An arrest warrant for Benjamin Netanyahu may not change the war, but it could affect Israel’s allies

 — Organisation: Free Palestine Melbourne — 
In many ways, the issuing of arrest warrants for Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant for alleged crimes against humanity and war crimes is the realisation of Israel’s worst fears about the International Criminal Court (ICC), and the reason it is not a state party. Both are unlikely to travel to […]