Tag Archives: impossible mortgages

SUPPLY AND DEMAND PROBLEM?  NO, IT’S INEFFECTIVE DEMAND! What’s wrong with the picture above? There’s nothing wrong with it – except for what it portrays. It depicts Australia’s descent into an economic depression because a badly-designed tax system has virtually choked off effective demand. The unique chart disaggregates incomes within our GDP, and possibly approximates the picture within other economies. Why ‘unique’? Because [...]