Letters in THE AGE today about the sad state of teaching and another defending Jeff Kennett selling off our heritage to pay for the financial destruction flowing from the late 1980s ‘property’ (read land price) bubble.

There’s a common thread: teachers would be much better paid and could be proud of their profession–and property bubbles could not possibly arise–if they knew and understood the need to capture the economic rent of our natural resources.

“Economic rent?”

Yes – there’s the problem.  They don’t know.  Too technical.  Too hard.  Teachers are ignorant of this most fundamental aspect of finance and economics about which the world revolves.  So are many others.