There is no need for banks in Australia to charge interest on the money they create when they lend.

By Andrew Mackinnon

Last updated: 1st July, 2022

When any bank in Australia lends for any purpose, it creates the money that it lends out of nothing and charges interest on it, which causes the size of the money supply in Australia to increase by the amount of principal loaned. Read more...

What do you get when the Australian Treasurer is a traitor?

By Andrew Mackinnon

Q: What do you get when the Australian Treasurer, John Howard, for more than 5 years from 19th November, 1977 to 11th March, 1983, holds no qualifications in economics but holds a Bachelor of Law from the University of Sydney in New South Wales? Read more...