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Pearls and Irritations
johnmenadue.com > post > 2026 > 08 > we-are-125-years-old-and-in-surprisingly-good-shape

Australia’s federation has survived 125 years of economic shocks

3+ hour, 1+ min ago   (1070+ words) Australia’s economic history shows that major shocks often come from overseas, but better policy settings over the past three decades have helped keep unemployment, inflation and debt under greater control. Did you know that Australia has one of the oldest…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 07 > productivity-is-the-symptom-rentier-capitalism-is-the-disease

Productivity is the symptom. Rentier capitalism is the disease

3+ week, 1+ day ago   (291+ words) Australia’s unfinished economic reform goal should be to make Australian capitalism work better by directing capital towards productive enterprise and away from dependence on asset inflation. With the 2020s being seen as Australia’s weakest decade for living standards since Federation have…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 07 > more-economic-myths-that-are-holding-us-back

More economic myths that are holding us back

3+ week, 1+ day ago   (210+ words) Markets are often treated as if they naturally maximise public benefit, but they can just as easily reward speculation, weak care, low wages and ecological destruction. Mark Diesendorf recently recounted eight economic myths that are helping to destroy our future....

Pearls and Irritations
johnmenadue.com > post > 2026 > 07 > how-much-wealth-is-too-much

How much wealth is too much?

3+ week, 2+ day ago   (930+ words) Extreme wealth is concentrating economic, political and technological power in the hands of a tiny few. Healthy democracies cannot ignore the question of limits. We hear a great deal these days about billionaires – the good, the bad and the very…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 07 > the-productivity-obsession-has-a-measurement-problem

The productivity obsession has a measurement problem

3+ week, 6+ day ago   (750+ words) The focus on productivity as the key to economic growth ignores the fact that we can’t directly observe productivity. We need better ways to measure improvements in overall living standards. The great new god of economics, productivity, may have feet…...

Google News
johnmenadue.com > post > 2026 > 07 > eight-economic-myths-that-are-helping-destroy-our-future

Eight economic myths that are helping destroy our future

4+ week, 2+ hour ago   (621+ words) Australia and the world are facing existential and other major human-induced threats: climate change; destruction of our life support system, the natural environment; social breakdown due to increasing gaps in wealth, income and political power; a severe shortage of housing;…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 06 > hormuz-shock-tells-us-to-strengthen-agricultural-systems

Hormuz shock tells us to strengthen agricultural systems

1+ mon, 6+ day ago   (486+ words) The closure of the Strait of Hormuz revealed agriculture’s vulnerability when fertiliser supply chains are disrupted. We need to build resilience before the next shock. Given deep uncertainty over the MOU itself, not to mention long-term relations with Iran more…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 06 > the-mixed-legacy-of-alan-greenspan

The mixed legacy of Alan Greenspan

1+ mon, 1+ week ago   (184+ words) During his long tenure as Federal Reserve chair, Greenspan did not learn one important lesson: markets require strict regulation. Alan Greenspan, who died this week at the age of 100, was one of the most consequential chairs the Federal Reserve Board…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 06 > the-uks-financial-dependence-on-us-speculators

The UK's financial dependence on US speculators

1+ mon, 2+ week ago   (392+ words) Relying on US investment in the UK bond market is a major constraint for any British prime minister. The true nature of Britain’s ‘special relationship’ with the United States has far more to do with American financiers’ willingness to keep…...

Pearls and Irritations
johnmenadue.com > post > 2026 > 04 > cost-of-living-we-should-be-more-concerned-about-something-else

Cost of living? We should be more concerned about something else

3+ mon, 3+ week ago   (948+ words) April 11, 2026 While cost-of-living pressures dominate headlines, deeper shifts are reshaping Australian politics – with Labor consolidating the centre and the Coalition struggling to respond. Strange things have been happening in Australia while I’ve been off for a few months, taking it…...