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I am, by no means, an expert on this issue, and am not crystal on the beginnings of it. What i thought happened, as a relaxing of the regulations regarding mortgage's (when, i'm not sure, as said, pre-bush - sadly we can't pin the initial blame on him...), which allowed people with super low, or...

Woot, i got $1600 tax back, but still paid like $200 in tax, so i get it, least hope so. However, this bill, has been blocked in parliament be the opps and independents.... So nothing for anyone yet... (now lets see who asks what a 'bill' is...)

Way ahead of ya!

Ok, i'm going to come right out and say this. NO economic theory can truely explain why this crisis happened. This is because no economic theory can be proven in the real world. This theory is another attempt (not saying that it's a failed attemt) to explain economic happenings. I've never...

Hold up... I'm totally unsure myself. I Quit my job, to relocate and go to uni (with a nice holiday in the middle) in Nov last year. I lodged a tax return etc etc, and am soon to be on Ausstudy (or whichever scheme they give old buggers like me :p ) Do i qualify? I did not earn anything like...

Hrm, if your interest counts as your income, you must ahve a lot of savings! Otherwise, i donno. I'm not even sure if i get that payout.

I love Keynes's policies, however, the long run Philips curve kind of undid hims somewhat. Stagflation + Inflation. His response - "in the long run, we're all dead!" hehe. I'm into New Keynesian :) Otherwise a little chaos theory. *Edit* best bit about learning Economics at uni, is the...

Yer, not sure where they my econs teachings from my, University! OMG they're nutty at the von Misses "To make sure that individuals and corporations realize you are serious, blow up the IRS building." wtf? "If an allergic man has been stung by a bee, I don't know what to do except rush him to...

Good 'old Neo-classical economics, maybe now they'll stop praising it! Keynes argued that we should do exactly that, and that's what the RBA and govt are suspossed to keep to. Not easy considering that any change you make now, takes 6-12 months to have any effect You doing econs at uni? you...

True, wasn't trying to say it would happen, just a scary thought. Now in response to zstar Markets fluctuate, boom and bust cycle. I'm not trying to defend the govt, i didn't vote for this bastard, and he's made a bit of a mess of it, (unlimited guarantee of banks, destroyed NBFI - non-bank...

You edited it while i was replying :p Ah, i was waiting for someone to pull that quote. Problem is that would create inflation, which isn't something that the govt has to worry about atm. Scary thought though, STAGFLATION!

Wow, i clearly looked away for too long! Ok, have any of you ever head of "market failures"? These occur because MARKETS FAIL! i think it's a good example of what's happening right now. Poorly regulated markets created this mess (Sub-prime mortgage market in the US, or at least partly) Govt's...

They did when he played in the Aus Open, right before he lost... Surprise surprise

Something wrong with keeping people in jobs? however, i do agree, infrastructure spending is a good idea, just takes ages for it to have any affect.

Failed!

Lleyton Hewitt

Ok sdent40, first. The govt DOES NOT CONTROLL INTEREST RATES! they removed themselves from that power many many moons ago. Who'd vote for a government which increases interest rates. The power to control interest rates (through the CASH RATE) is done through the Reserve Bank, a board within...

Nah, you're just not allowed back in the country.

Oh yer, at exams, if you get more than 5 spelling mistakes, you automatically fail. So, out with those dictionary's...

That's how they mark you at the end of the semester, so you'd better make them good!