Aussienomics

The Australian government wants to create affordable housing. An admirable goal, although the means leave a lot to be desired: “The $10 billion Housing Australia Future Fund will provide ongoing investment returns to deliver new social and affordable homes as well as investments to address acute housing needs.

By now everyone should be aware of the drama in the US surrounding Silicon Valley Bank (SVB), Signature Bank, and many other unnamed banks that a “senior Treasury official” said might have similar issues.

The NSW Liberal Party, if it wins re-election this year, will create “the most significant financial security investment in NSW history”: “Under a coalition government, every child aged 10 and under in 2023 in NSW, and every newborn thereafter, will receive a fund with a starting investment of $400.

Former chair of Australia’s Productivity Commission (1998-2013), Gary Banks, took aim at a couple of the nation’s recent “policy sore thumbs”: “We have a tax system that is more about redistribution than growth and looks set to become even more so.

If you read my previous articles on installing Soapbox and Pleroma Rebased, or the Ghost newsletter software, on Oracle’s Always Free cloud server using Ubuntu, then what follows should be somewhat familiar to you.