Human rights lawyer. Adelaide South Australia. Uncertain and uneasy occupier on Kaurna and Ngarrindjeri lands. Supporter of MMT. Follow the climate science.
Fuel consumption keeps falling.
The oil price shock is less & less of an issue as this trend continues.
Use of EVs, decent public transport, better IC engine cars & the strong bias towards services in the economy are driving this great change
Chart via @AntipodeanMacro
With apologies to Robert Solow:
"The gains in productivity from technology and AI are showing up everywhere but the data"
Which goes to the core of the impossibility of accurately measuring productivity in services based economies
Florida returned half a million oyster shells to the Gulf of Mexico. The discarded shells became new reef habitat for marine life https://t.co/mjCpe5bTq8 via @timesofindia
It’s not that they don’t get their due but just feel like the Australian women’s cricket team need to be celebrated a lot more than they do in this country. Last night’s World Cup win was a reminder of how they’re one of the most dominant sporting teams across codes of all time
I am not sure people realise how trivially small the level of gross govt debt is, even as it hovers under $1 trillion.
There are $4.5 trillion in superannuation assets; $12 trillion in residential real estate; $3.5 trillion in the ASX. Annual GDP is $3 trillion.
I note that net govt debt is around $0.55 trillion - chook feed in other words
One of many interesting things about this scandal is that these KPMG ‘heavies’ are not all that bright, not all that smart. Out in public they’re like rabbits in the headlights. https://t.co/fPRJduybq9
How the fuck do we live in a country where everyone knows “monoculture” is just Nazi code for “white australia” but the media keep on refusing to call it out?
#NewsCorpse
Greetings from Manchester which is joyous with Burnham buzz today. Thank you Makerfield for putting Nigel Freebee Farage back into his bigoted box. #AndyBurnham#Manchester
Red card for Pauline Hanson if she's cheering the Socceroos' victory over Turkey. The Xenophobe in Chief would deport half the team & defund SBS. #Socceroos#PaulineHanson#SBS
Australia’s housing obsession is one of its greatest weaknesses.
Rising house prices are not a sign of prosperity.
What they actually tell you is that more money is being borrowed from the banking sector to buy homes.
The cause of rising house prices is rising household debt, and that is unproductive.
House prices are now five times more expensive than consumer goods compared to 1970. We should never have allowed that to happen.
Housing should not be an asset.
It is not something you should profit out of. It is something you should live in.
The people who really benefit from rising house prices are real estate agents and property developers, not the families who live in them.
We are paupers living inside castles. Paying a fortune on the mortgage, a fortune on private schools, and out of the remainder, just trying to live.
For the more information, check out the comment section,
#SteveKeen #AustraliaProperty #HousingCrisis #MortgageDebt #Economics #HousingAffordability
So why has the average price of Unleaded Petrol dropped from a high of $2.57 March 31 2026 to an average price today of $1.75?
Must be that nasty communist ALP.
I want you to think about the last time you saw a famine story.
It was probably framed around drought, flood, or a failed harvest. A tragedy, yes, but usually one with a clear natural cause.
What is unfolding now does not fit that frame.
This is not weather. It is a political decision moving through a supply chain.
The Strait of Hormuz sits between that decision and the dinner tables of millions of people across South Asia, most of whom had no role in starting this war and no power to stop it.
The strange part is the mechanism. The fertilizer exists. The ships exist. The farmers are ready. What is missing is the will to let the cargo through.
That is a different kind of tragedy.
I have explained the scenario in the comments.
#SteveKeen #RealisticEconomics #HumanitarianCrisis
How the fuck do we live in a country where Pauline Hanson has successfully convinced people to hate immigrants, feminism and climate action instead of fascism, media magnates and billionaires?
#NewsCorpse
Our soldiers didn't get soldiers settlement on return
Our soldiers got paid half the wage
Our soldiers were denied access to RSL clubs
Our people weren't entitled to what is now called Centrelink
Our people were not ....
Our people did not...
Yet we still fought Remember that!