At the moment I'm working on a little project... a model of the Australian economy.  

Now before you lose your praexeological heads, I'm not talking about a mathematical model that aggregates much of the economy into a few short equations based on false assumptions of equilibrium or even non-equilibrium.  Really, it's a flowchart to explore the relationships that exist between sectors of the economy on employment and the effect of the fractional-reserve banking system.  I believe that a flowchart model of the Australian economy will be vastly superior to the complex mathematical models developed by 20 000+ economists around the world, which has thus far served us so well (sic).  The reasons for this are:

1)  It takes a look at the economy as whole rather than aggregating economic growth and thus viewing the economy in a narrow field of view

2)  Seemingly unrelated sub-sections on the economy can be exposed for their influence on employment etc

3)  Exposes the savings vs credit foundation of the economy and the effects of fiat money creation by the central banks and fractional-reserve banking

4)  A flowchart is easier to understand than an equation, the path for economic 'cause and effect' is clear 

This is a fairly large undertaking and I believe the process will be more akin to lego rather than painting on a canvas.  I've made a start, really focusing on a few 'big ticket' items as it relates to Australia (especially with all the talk of China). Now my hope is to put together a neater flowchart that actually shows the flow of money and jobs within the economy to accurately represent the strength and influence of each sub-sector.  For now, the chart will serve the purpose of exposing the relationships within our economy.

Finally, please make suggestions/corrections/numbers/modules... this will be larger than one man!

God bless,

Washington

THE MODEL (click for larger version):