Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Fragile Prosperity: Australia's gigantic monetary gamble

Fragile Prosperity: Australia's gigantic monetary gamble

Kells, Stuart

Paperback

Series: Public Matters, Book 1

AccountingInvesting & Finance

Publisher Price: $22.95

ISBN10: 1760467421
ISBN13: 9781760467425
Publisher: Anu Press
Published: Jul 30 2026
Pages: 90
Weight: 0.17
Height: 0.23 Width: 5.00 Depth: 7.00
Language: English

'Fragile Prosperity' presents a new perspective on the past five decades of economic policy in Australia. This book shows that in important respects the basic pillars of this policy are misconceived, resting on fundamental misunderstandings of money, taxation and fiscal accounting. Monetary and fiscal policies in Australia are reappraised, along with the nation's program of financial deregulation: a gigantic experiment in modern money. A new understanding is presented of the causes of inflation in Australia and the drivers of house price growth, along with associated impacts on wealth distribution and inequality. The implications are stark. While successive federal governments and Australia's central bank have given up the means to directly control the principal cause of inflation, the current method of inflation control operates like a dead hand on the non-bank economy. Australia now faces a terrible conundrum in public policy and macroeconomic management, one with urgent implications for countries with similar regulatory settings, such as Canada and New Zealand. Further afield, the story of Australia's experiment with modern money is a cautionary tale for all advanced economies.

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