economics

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.