Peter Bain
A Sniff of Revival

A Sniff of Revival

It’s a time that is gone now, but what a time it was. In its day, Victoria’s capital, fuelled by the 1850s gold rush, competed with London, Paris and New York as the wealthiest cities on earth. Grand theatres, the finest restaurants, luxury hotels, gold plated...

Australian budget rushing toward hyperinflation

Australian budget rushing toward hyperinflation

"Not worth a continental" Modern history teaches us that astrology and astronomy were, until relatively recent times, treated together (Ancient: mazzeroth, Latin: astrologia) and were only gradually separated in Western 17th Century philosophy, during which astrology...

The Ghost of Christmas Future

The Ghost of Christmas Future

In Dickens’ most famous morality tale, the ghost of Christmas future is used to warn Scrooge of the ultimate consequences of not learning from his twisted and broken past.  Those of Dickens’ tales set in Victorian London (including Oliver Twist and Great Expectations)...

Is Australia heading towards a “Minsky moment”?

Is Australia heading towards a “Minsky moment”?

Hyman Minsky, if he were still alive, would have some interesting observations about Australia in 2020. The late American economist, whose theories experienced a revival following the GFC, was considered post-Keynesian and was critical of much of the deregulation of...

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