Title	Excerpt	Author	Date	Total Comments	Recent Comment
Bitcoin Fractional Reserve Banking: An Austrian Perspective	Bitcoin Fractional Reserve Banking: An Austrian Perspective by Washington Sanchez	drwasho	04/22/13	0
Is Bitcoin in a bubble?	If you think I am going to provide proof that Bitcoin is or is not in a bubble, then you will be disappointed. In fact, I think it is almost impossible to say at this stage whether Bitcoin is in a bubble because there are just so many variables involved.…	drwasho	04/10/13	0
Fraudulent Reserve Banking?	My long awaited article examining whether fractional reserve banking is fraud is finally complete. I have embedded the lengthy article below via Scribd because it would be far too long for the front page of the website. Briefly I want to say that I am writing a follow-up article discussing…	drwasho	11/29/12	0
The Mises Seminar: 1-2 December feat. Professor Walter Block	It's that time of the year again. The time where a passionate group of liberty-loving individuals gather together to learn, share and build a revolutionary intellectual movement in Australia. It is time for the Mises Seminar. The Mises Seminar is the only conference in Australia to promote the Austrian school of…	drwasho	10/26/12	0
Why ‘Price Gouging’ shouldn’t be illegal - in 5 minutes.		drwasho	04/19/12	0
Compulsory Superannuation Contributions - Who wins?	Nationally in Australia we had two announcements from Canberra which won public support from the mainstream media. The first was the go ahead of the Mining tax and the second was the rise in compulsory superannuation contributions from 9% to 12%.  We have talked about the Mining tax and the…	drwasho	03/26/12	0
Australian Mises Seminar	On the 25-26th of November, a watershed moment in the history of Australian liberty will be occurring in Sydney: the Australian Mises Seminar. Over the past year we have collaborated with the best and brightest representatives of Austrian economics and libertarianism in Australia to bring you this incredible weekend. I invite you…	drwasho	11/15/11	0
Kochie: Enemy of the Aussie Battler	David Koch - Kochie - is a household name, respected and beloved for his cheerful character and financial advice. I like Kochie, as most people do. But Kochie's latest article makes him an enemy of the Aussie battler. The Article Kochie makes the case in this article that times…	drwasho	09/04/11	0
The Profit Motive	One of the great social errors is the critical attitude towards profits and the profit motive.   A surface level consideration of the subject is a shared error between the opponents of the profit motive.  This error has lead to the deprecating term 'profiteering', an accusation of immoral action by…	drwasho	02/02/11	6
Treasury the first to break ranks and warn of a housing bubble… too late.	Just a quick post this morning from a headline on news.com.au As it appears, someone from the Treasury has warned that Australia has a property bubble: "A SENIOR Treasury official has sounded the alarm over Australia's property market.  He has warned that the prospect of a sudden and dramatic drop…	drwasho	11/21/10	6	02/15/11
The Health of the State: the War in Afghanistan	The Story News.com.au recently reported Prime Minister Gillard's comments regarding the future commitment of Australia within Afghanistan: "AUSTRALIA will remain in Afghanistan after its troops complete their training mission in 2014 and be engaged there "through this decade at least", Julia Gillard said today." (Read more: http://www.news.com.au/national/australias-role-in-afghanistan-will-last-another-decade-at-least-pm/story-e6frfkvr-1225940810195#ixzz12o8kEXAN) Another decade of…	drwasho	10/27/10	1
Hung Parliament…	I'm actually quite happy with the state of Australian politics at this very moment.  We have a 'hung' parliament, basically a tie with 2 independents & 1 Greens minister as the major power brokers.  To form the majority government, both major parties have been haggling and negotiating for nearly 2…	drwasho	08/30/10	0
Helicopter Ben strikes again	It appears that 'helicopter Ben' will live up to his name after announcing that he would fire his inflationary guns to prevent a double-dip recession.  What are these guns exactly?  The promise to purchase more government debt & additional financial assets while lowering the interest rate charged on bank-reserves. This…	drwasho	08/29/10	0
The Masterchef Conspiracy	I don't watch free-to-air TV.  I think many would sympathise when I say that quality programs are virtually absent from the digital channels.  Even the news 24/7 news channel by the ABC isn't that good.  We mostly watch DVDs we hire from the Civic Video, almost all of the them…	drwasho	07/27/10	0
Economic commentary ‘fail’...	Recently Michael Pascoe released an article on Yahoo7 Finance that was one of the worst economic commentary fails in recent memory.  If you want to laugh and get angry at the same time, wander over and enjoy. Here is highlight #1: There are other less obvious cases though that seep into…	drwasho	07/13/10	0
Will Gillard be the new PM… who cares.	Speculation is buzzing this morning over the outcome of Labor's leadership challenge... will Kevin Rudd be toppled and Julia Gillard enthroned as the new ruler of Australia?  My response... who cares. Why 'who cares'... because regardless of whether the democratic process is being spat on in the face, regardless of…	drwasho	06/24/10	1
The ethics of the RSPT (Resource Super Profits Tax)	First the government said that the RSPT (40% tax on mining profits) was necessary because the royalty system wasn't keeping pace with the increase profits, then they said they were taxing them so they could use the money to building infrastructure/roads to support the industry, now they're saying that taxing…	drwasho	06/10/10	0
The Greens Phenomena	Recently the Greens Party has seen a surge in support as ordinary Australians have become disheartened with the major political parties: the Labor and Liberal party. For those not familiar with Australian politics, let me summarise the parties and their ideology: 1)  Labor party: the socialist party. 2)  Liberal party:…	drwasho	06/01/10	7	04/15/11
The impending Australian housing collapse	They say that admitting there's a problem is the first step towards a solution.  In an interesting turn of events, it appears that the media and 'experts' are now admitting that there's a housing bubble.  This is certainly a commendable step, but it is far from admitting the true scale…	drwasho	04/20/10	4	05/03/10
The healthcare debate: two men arguing about the colour of the rain (epic fail)	I watched the highlights of the healthcare debate and as I predicted, I was not impressed.   I saw the two most influential politicians in this country argue the best way for government to run the healthcare system.  This is nothing new for the Prime Minister, we should expect this…	drwasho	03/24/10	2	03/24/10
Flowchart Update	Hey guys, As per my last post, I've done some more work on the economic flowchart of the Australian economy that I have posted below.  Feel free to comment to suggest sectors of the economy to add or if you have numbers for some boxes. God bless, Washo PS  Sorry…	drwasho	03/15/10	0
Project preview - A model of the Australian economy	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.…	drwasho	02/25/10	0
Keynes vs Hayek… rap off!	This is absolutely priceless, Hayek swiftly pwns Keynes.  Found this on the New York Times, enjoy and share it with your friends.	drwasho	01/29/10	2	03/15/10
Yet another take on the deflation and inflation argument…	Happy new year one and all, So far Aussienomics has had over 200 000 web-hits since it's inception!  That is truly amazing stuff, thanks for supporting the website and please feel free to comment on any of our articles, we love the interaction. I was paying a visit to Steve…	drwasho	01/21/10	7	01/30/10
Social Equality… the God that failed? - Part 2	In the last article, you can find here, I raised an important question within the framework of government-management of the economy and taxation, via welfare programs etc, to effectively distribute social equality within the country.  Basically the question was "how do you go about achieving social equality without wasting money…	drwasho	12/03/09	1	12/10/09
Social Equality… the God that failed? - Part 1	There is a strong theme that is common to many who propose government interventionist policies in society: social equality. They see the imbalances between classes and ethnic groups as a source of tension within a society. As a result, they employ either the force of government and/or economics to…	drwasho	10/01/09	0
Just for the record: House prices will crash in Australia, and we will all recess(ion).	To the people of Australia, I would like to clearly state, with no ambiguity, for the record, that Australia is in the mother of all housing bubbles.  That this housing bubble has indebted millions of Australians, financed an unprecedented level of credit-driven consumer spending that is the basis of our…	drwasho	09/01/09	9	03/01/11
Theft and taxes…	Taxation is a hotly contested topic amongst economic and political pundits and enthusiasts, like me.  Most people have an opinion on it anyway, people prefer it to be as low as possible but they genuinely believe their tax dollars prevent people from dying on the street, thanks to the government's…	drwasho	08/17/09	9	09/01/09
Britain inspires technological totalitarianism for the sake of the children.	Here at Aussienomics, we…	drwasho	08/05/09	2	08/05/09
The Central Bank of Australia, the RBA, admits we have a housing bubble.. you’re only 10 years late!	The venerable Glenn Stevens has announced to our 'surprise' that Australia has a housing bubble... the only problem is, he's only 10 years too late.  So what happened in the United States will inevitably happen here, house prices will crash and many Australians are going to be servicing mortgages that…	drwasho	07/29/09	0
Any idiot can consume and be a consumer….	This morning's article on news.com.au was "Aussie mums leading economic recovery", which was published in the Courier Mail.  The article predictably goes on to celebrate the actions of the mighty all-powerful Federal Government in response to the economic crisis and the subsequent response from the general public, specifically moms, to…	drwasho	07/21/09	1	07/22/09
Are grocery prices really rising faster than inflation?	Yahoo Finance just published an article stating that grocery prices are rising faster than inflation, apparently as most of us expected.  Here's a quote: "Research by…	drwasho	07/18/09	4	07/31/09
A human action: why we love Big Brother and ignore the gun.	Continuing from my last post, I was reflecting on why people just don't seem to care about the increase in size and interference of government in their daily lives.  At first, I must admit, I just thought people were stupid... they either didn't care, understand or cared to understand.  I…	drwasho	07/17/09	1	07/23/09
Big Brother… dystopia around the corner.	Hey everyone, So Justin is going to be away for a little while and I've been staring at the home page of aussienomics for the past few days blankly, waiting for some sort of inspiration to descend or arise upon me... sadly nought.  I do have several small thoughts that…	drwasho	07/16/09	0
Tax cuts or highway robbery?	I started my day like any other, by going to my poultry selection of internet news providers.  I prefer the Drudgereport the best, but there doesn't appear to be a good equivalent for Australia unless someone happens knows one?  Anyway, I go to news.com.au on 1 July (the beginning of…	drwasho	07/04/09	2	07/07/09
Are we going to face inflation or deflation? ...and why you should care on some level	An excellent question. though most would say ‘who cares’?  Let us examine the end result of each scenario: INFLATION       The value of your money progressively decreases as central banks print enough money to prevent deflation (a contraction in the money and credit supply).  Anyone who has a…	drwasho	06/24/09	6	04/28/10