{"id":9953,"date":"2014-05-28T22:41:37","date_gmt":"2014-05-29T02:41:37","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9953"},"modified":"2014-05-28T22:41:37","modified_gmt":"2014-05-29T02:41:37","slug":"war-on-entitlements-doesnt-extend-to-military-macrobusiness","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/","title":{"rendered":"War on entitlements doesn\u2019t extend to military | | MacroBusiness"},"content":{"rendered":"<p>By Leith van Onselen, with kind permission from Macrobusiness:<\/p>\n<blockquote>\n<p>I have noted previously how the Coalition has ear-marked tens-of-billions of taxpayer dollars to local defence manufacturing, including a $10 billion to $15 billion-program for 1,000 locally produced armoured vehicles, and locally designed and built submarines for around $40 billion. It has also flagged a multibillion-dollar warship project that will be built locally.Today, The AFR has revealed that an $8 billion contract for local shipbuilder, ASC, to supply three air warfare destroyers for the Australian Navy is running two-and-a-half years late and more than $300 million over budget because the company has no experience in shipbuilding:<\/p>\n<ul style=\"list-style-type:none;\">\n<li>An audit released in March\u2026 warned there could be further cost blowouts and delays to come\u2026 <\/li>\n<li>The 320-page audit found defective drawings supplied by Navantia and an inexperienced Australian shipyard workforce were a devastating combination leading to hull blocks not joining up, pipes, air conditioning systems and cabling requiring modification, doors not lining up and equipment being left off and expensive and costly rework.<\/li>\n<\/ul>\n<p>Surely the above schmozzle casts serious doubts over the Government\u2019s plan to build military hardware locally.<\/p>\n<p>While I acknowledge that there is an argument to retain your own military hardware building capacity, at what cost? The Coalition\u2019s hard line on industry assistance appears to be in stark contrast to its defence procurement policy. Australia could easily purchase proven, fit-for-purpose, military hardware from abroad at a fraction of the cost of developing similar technology locally, saving taxpayers billions in the process.<\/p>\n<p>Once again, it is these sorts of inconsistencies that undermine the Government\u2019s goal of \u201cending the age of entitlement\u201d. While it slashes benefits to vulnerable sections of the community, it is allowing egregious lurks and subsidies to remain in others, which is undermines the Government\u2019s calls for \u201cshared sacrifice\u201d, whilst also ensuring that the burden of adjustment is not broad-based, reducing its efficacy. As I\u2019ve said before, a much clearer framework for these decisions is needed.<\/p>\n<\/blockquote>\n<p>Past experience of Australian military hardware (e.g. Collin&#8217;s class submarines) is that locally built generally means over-priced and second-rate (&#8230;.be kind). While that does not necessarily extend to armoured vehicles, naval vessels such as frigates, destroyers and submarines appear beyond present capabilities. Commissioning local development is no doubt intended to create jobs, but is at the expense of selling short our soldiers and sailors &mdash; equipping them with second-rate equipment in situations where it can mean the difference between life and death. Which is why military procurement, like the selection of infrastructure projects, should be above the political process.<\/p>\n<p>Read more at <a href='http:\/\/www.macrobusiness.com.au\/2014\/05\/war-on-entitlements-doesnt-extent-to-military\/?utm_medium=email&#038;utm_campaign=Daily+MacroBusiness&#038;utm_content=Daily+MacroBusiness+CID_6d4f3241790d437d650d182720567407&#038;utm_source=Email+marketing+software&#038;utm_term=War+on+entitlements+doesnt+extend+to+military'>War on entitlements doesn\u2019t extend to military | | MacroBusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Leith van Onselen, with kind permission from Macrobusiness: I have noted previously how the Coalition has ear-marked tens-of-billions of taxpayer dollars to local defence manufacturing, including a $10 billion to $15 billion-program for 1,000 locally produced armoured vehicles, and locally designed and built submarines for around $40 billion. It has also flagged a multibillion-dollar &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;War on entitlements doesn\u2019t extend to military | | MacroBusiness&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[],"class_list":["post-9953","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By Leith van Onselen, with kind permission from Macrobusiness: I have noted previously how the Coalition has ear-marked tens-of-billions of taxpayer dollars to local defence manufacturing, including a $10 billion to $15 billion-program for 1,000 locally produced armoured vehicles, and locally designed and built submarines for around $40 billion. It has also flagged a multibillion-dollar &hellip; Continue reading &quot;War on entitlements doesn\u2019t extend to military | | MacroBusiness&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-29T02:41:37+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"War on entitlements doesn\u2019t extend to military | | MacroBusiness\",\"datePublished\":\"2014-05-29T02:41:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/\"},\"wordCount\":446,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"articleSection\":[\"Australia &amp; NZ\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/\",\"name\":\"War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2014-05-29T02:41:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2014\\\/05\\\/28\\\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"War on entitlements doesn\u2019t extend to military | | MacroBusiness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor","og_description":"By Leith van Onselen, with kind permission from Macrobusiness: I have noted previously how the Coalition has ear-marked tens-of-billions of taxpayer dollars to local defence manufacturing, including a $10 billion to $15 billion-program for 1,000 locally produced armoured vehicles, and locally designed and built submarines for around $40 billion. It has also flagged a multibillion-dollar &hellip; Continue reading \"War on entitlements doesn\u2019t extend to military | | MacroBusiness\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2014-05-29T02:41:37+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"War on entitlements doesn\u2019t extend to military | | MacroBusiness","datePublished":"2014-05-29T02:41:37+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/"},"wordCount":446,"commentCount":3,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"articleSection":["Australia &amp; NZ","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/","name":"War on entitlements doesn\u2019t extend to military | | MacroBusiness - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2014-05-29T02:41:37+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/28\/war-on-entitlements-doesnt-extend-to-military-macrobusiness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"War on entitlements doesn\u2019t extend to military | | MacroBusiness"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-2Ax","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":1671,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/why-the-rba-should-cut-rates-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":9953,"position":0},"title":"Why the RBA should cut rates &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"Nominal house prices are falling. Not collapsing, certainly. But falling very consistently, roughly 6% peak to trough. 8.5% in real terms. This has had a number of well documented effects including high savings rates, historically conservative levels of retail sales and stalled services sector investment. .....Now, in August, the latest\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2324,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/23\/the-credit-crunch-is-coming-macrobusiness-com-au\/","url_meta":{"origin":9953,"position":1},"title":"The credit crunch is coming &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"November 23, 2011","format":false,"excerpt":"The SMH has [a] very important story this morning on the funding crisis that is bearing down on the major banks: Australian banks are preparing for a potential freeze in global funding markets as Europe\u2019s worsening stresses threaten to send the world\u2019s financial markets into a tailspin. Renewed funding pressures\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13108,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/06\/the-future-of-chinese-steel-macrobusiness\/","url_meta":{"origin":9953,"position":2},"title":"The future of Chinese steel | MacroBusiness","author":"ColinTwiggs","date":"April 6, 2016","format":false,"excerpt":"From Andrew Batson\u2019s interview with Cai Rang, chairman of the China Iron & Steel Research Institute Group: China\u2019s current steel production capacity is 1.2 billion tons, but domestic demand cannot completely absorb this capacity. In 2015 China exported about 100 million tons of steel products; this was a relief for\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/20\/will-the-rba-cut-first\/","url_meta":{"origin":9953,"position":3},"title":"Will the RBA cut first?","author":"Colin Twiggs","date":"February 20, 2024","format":false,"excerpt":"Recent articles in Macrobusiness and the ABC suggest that the RBA is likely to cut interest rates early, ahead of the Fed. Their conclusions are based on a February 16 research note by Gareth Aird at Commbank Divergence between the Australian and US consumer which provides some excellent charts: The\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Fed Funds Rate & RBA Cash Rate","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":19585,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/12\/20\/cracks-are-showing-in-chinas-debt-markets\/","url_meta":{"origin":9953,"position":4},"title":"Cracks are showing in China&#8217;s Debt Markets","author":"Colin Twiggs","date":"December 20, 2019","format":false,"excerpt":"\"You only learn who has been swimming naked when the tide goes out\u2026\" ~ Warren Buffett Beijing's de-leveraging campaign, to set the economy on a sustainable path, is starting to expose some of the excesses in financial markets. Local Government Local governments owe some 49 trillion yuan (about $7 trillion\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9837,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/20\/use-land-taxes-to-plug-budget-holes-macrobusiness\/","url_meta":{"origin":9953,"position":5},"title":"Use land taxes to plug budget holes || Macrobusiness","author":"ColinTwiggs","date":"May 20, 2014","format":false,"excerpt":"Great post from Unconventional Economist (reproduced with kind permission from Macrobusiness) gets to the heart of the current budget stoush. Cross-posted from David Collyer at Prosper Australia Sometimes, through the smoke and fireworks of the national debate a political commentator sees the path forward and points the way. Today in\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Land Taxes","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/05\/ScreenHunter_18-Jul.-05-10.22-200x200.gif?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9953"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9953\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}