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Where the NBN went wrong,

The NBN, or National Broadband Network, is perhaps the biggest white elephant in modern-day Australia. "The total cost of the National Broadband Network will now be $51 billio […]
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Vitalik Buterin on blockchains,

Vitalik Buterin, the creator of Ethereum, recently sat down with Tyler Cowen to discuss cryptocurrencies and blockchain technology. Here are some choice quotes: "On a blockch […]
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The risks of macroprudential,

Arnold Kling has a very interesting theory about the state of the United States economy. "I think that back then [2008-09] there was a sudden political regime shift. The polit […]
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Cryptocurrencies and the global recession,

The cryptocurrency boom of 2017 bust in spectacular fashion (as we predicted), with many coins down nearly 70% from their peak. But that doesn't mean cryptocurrencies should b […]
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Satoshi Nakamoto is not writing a book,

We stumbled across some fluff at Bloomberg reporting on the recent appearance of the Nakamoto Family Foundation website, http://nakamotofamilyfoundatio...: Is the unknown crea […]
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Follow the money,

We've been writing and tweeting about the collapse in interest-only property loan issuance in Australia for several months, following APRA's decision last year to require bank […]
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The global financial cycle,

In a recent NBER working paper by Òscar Jordà, Moritz Schularick, Alan M. Taylor and Felix Ward, Global financial cycles and risk premiums, the authors conclude that: "First, […]
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Our sense of shared prosperity,

Whatever it means, Australia's Reserve Bank Governor Philip Lowe thinks it's at risk: "...it is clear that the slow growth in wages is affecting our economy... [and] is dimini […]