Fresh Economic Thinking

Cameron Murray

Cameron Murray is famous for questioning sacred cows and conventional wisdoms of both left and right. We chat about Cameron's latest Twitter battle and then delve into a controversy. Wide-ranging analysis - no topic out of bounds - inequality, regulation, housing, superannuation, lockdowns, tax, war, the meaning of life. www.fresheconomicthinking.com

  1. 27 июл.

    Aziz Sunderji makes housing Great Again

    I sat down last week for a long conversation with Aziz Sunderji, data wizard and author of the Home Economics Substack. Subscribe to Aziz now. You won’t regret it. With a background in banking and finance, Aziz comes to the question of housing with a focus on asset pricing and investment incentives. This means he diverges from much of the public policy conversation that merely assumes home prices should always be lower, but planning regulations and zoning are in the way. But he also comes with a lot of technical and design know-how. He has built a website summarising the Great Debate on housing supply and price, and a mapping tool called ProMap. Aziz was able to show me live on screen how ProMap can reveal patterns in the data that are usually hard to see, such as the migration to the suburbs and the price gains in suburbs relative to city centres since COVID. You could say that his ProMap tool has made housing analysis Great Again. It would be a dream to have a tool like that for Australian property data. I hope you enjoy our conversation. Table of contents 0:00 Intro 2:51 Backgrounds in finance and property 12:43 Writing books about housing 20:54 The Great Debate compendium 31:56 Where AI helps and where it fails 36:15 The ProMap housing data tool 43:36 Urban cores versus suburbs 58:00 Doubting the zoning explanation 1:02:47 Housing as an asset with a yield 1:11:38 Monopoly, land, and patient owners 1:15:49 An elevator pitch for the housing crisis 1:19:57 What the housing crisis really is 1:33:44 Austin, Tokyo, and closing thoughts References: Aziz’s Substack, Home Economics Aziz’s mapping tool, thepromap.com Aziz’s microsite, The Great Debate As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    Aziz Sunderji makes housing Great Again

  2. 5 июл.

    FET #78: Reddit finance discovers superannuation's failures, plus Reddit responses and a note on One Nation

    Regular co-host Jonathan Gadir encounters a heated debate on the AusFinance subreddit about the merits of Australia’s superannuation system, something Cameron often raises. Also, we comment on the emergence of culture within subreddits and respond to some of the comments on Reddit about Cameron’s work. The rise of Pauline Hanson and One Nation becomes somehow relevant to the whole conversation too! Enjoy this chat and leave a comment with your thoughts. Starting next week at FET is a four-part analysis that I hope will become a reference point for understanding key concepts related to housing production. * Why a feasible change of use is different from commercial feasibility * How prices determine the cost of building new homes via choices of density and quality * Housing supply is not new housing production * Why landbanking is a normal market outcome of balancing present and future housing As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #78: Reddit finance discovers superannuation's failures, plus Reddit responses and a note on One Nation

  3. 14 июн.

    FET #77: What's the modern monetary theory (MMT) view on inflation and the interest burden of public debt?

    Friend of the show Mike Fellman joins me to chat about all things macroeconomic. We pick up on a previous conversation I had with Moses Sternstein about the interest burden from public debt. Mike has a deep understanding of bond markets, macro policy, and money. It was a good chance to ask him about Modern Monetary Theory (MMT), which is a school of thought in economics that focuses on monetary operations and both sides of the monetary balance, which includes the debt (the liability to the government) and the asset (the Treasury bond held by the public or other organisation). Is the MMT view really that different from the standard macro view? And where does a lot of the fear about public debt come from? Who really bears the cost of interest on public debt? We dig into these questions. Enjoy the conversation. Follow Mike’s terrific Housing Hell Substack here. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #77: What's the modern monetary theory (MMT) view on inflation and the interest burden of public debt?

  4. 31 мая

    FET #76: Moses Sternstein on the housing shortage myth, demographics, and debt

    Moses Sterstein runs the terrific Random Walk substack. I stumbled across his creative insights a couple of years ago when someone sent me an article he wrote about the mythical housing shortage. Since then, I have kept track of his views on evolving macro-economic and demographic trends. This conversation was a chance for me to see how his independent analysis had led him to some similar views to mine on housing markets, but also test where we differ on the likely social, economic and political effects of long-term demographic trends. It was a surprise to hear that we have both arrived at a similar view on the application of monetary policy being too broad for many of the industry-specific inflation concerns we have today. Enjoy this conversation and find Moses on Twitter here and at his Random Walk Substack below. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #76: Moses Sternstein on the housing shortage myth, demographics, and debt

  5. 17 мая

    FET #75: Inheritance taxes seem fair, but policing them seems unfair. Why?

    This week, regular co-host Jonathan Gadir is back to discuss inheritance taxes. Are they the fairest tax that helps everyone start life on a more even footing? Or are they a nightmare of rules that require intrusive monitoring of gifts and that destroy family businesses? We take some initial steps towards understanding how much tax revenue is possible, the problems involved, and the intergenerational issues at play. An article of mine from 2014 on inheritance taxes is here. And a link to The Australia Institute report we mentioned on inheritance taxes and gift duties is here. Don’t forget that I am hosting a Land and Housing Economics workshop in Brisbane on 9-10th June 2026. Find out more here and come along to get into the weeds on property economics. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 Interested in learning more? Custom workshops are also available to help your organisation dig into the economic issues you face and learn powerful insights. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #75: Inheritance taxes seem fair, but policing them seems unfair. Why?

  6. 12 апр.

    FET #74: How to think about scenarios in the Iran as an economist and scientist, with Paul Frijters

    Economics can be thought of as the study of human conflict. Prices are one way to settle conflicts over who gets what. So how does an economist think about war, and emergent cultural and political forces that create conflicts amongst groups? Paul Frijters runs Academia Libera Mentis, a new education institution for minds that dare. He documents this grand education experiment here at his Subtack. Paul and I go way back. Paul was my PhD supervisor, and we co-wrote Rigged, a book that dives deep into the way political favouritism operates in Australia. He has studied the way human societies function, particularly how the underlying emotional drivers of greed and love generate loyal groups as well as fierce competition. He even has a book with Gigi Foster about that called An Economic Theory of Greed, Love, Groups, and Networks. This underlying understanding of humanity should be extremely helpful for assessing potential scenarios in major global events, like the war in Iran. Although I am very much on board with the economic thinking about greed, love and groups, I am very much in the dark about the history and current tensions driving this new conflict in the Middle East. Paul has recently lived in Saudi Arabia and has been studying the region in detail. So enjoy this chat and keep in mind how things have unfolded between when we recorded, on 16th March, and what is happening when you listen to it. You can find Paul’s academy website with details of upcoming open days and events here. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #74: How to think about scenarios in the Iran as an economist and scientist, with Paul Frijters

  7. 29 мар.

    FET #73: Steve Keen on why economists are often blind to the macro cycle (plus housing and more)

    One of the most requested guests on FET has been Professor Steve Keen. Steve has been a student of economics since the 1970s, and a critic of the oversimplifications of the neoclassical economic school. He was an academic at the University of Western Sydney for many years, and Head of School at Kingston University in the mid-2010s. One thing Steve taught me is to really think about the hidden assumptions in our economic models, which has been extremely valuable to me during my economic journey. Our conversation starts with Steve’s concerns about the Vietnam War draft, and moves on to his epiphanies about what was missing from economics education. We discuss his attempts to model the key insights of Hyman Minsky about the economic behaviour that generates macroeconomic cycles, and the state of the economic debate. Oh, and we talk about the very controversial issue of money creation by banks and the public Treasury! Find Steve’s YouTube channel here. Steve’s Debunking Economics podcast is here. And of course, Steve writes on Substack at Building a New Economics, which is where you can find his latest writings and conversations. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

    FET #73: Steve Keen on why economists are often blind to the macro cycle (plus housing and more)

  8. 15 мар.

    FET #72: Jim Penman on zoning, politics and fertility

    Most Aussie’s know Jim Penman’s face from the side of green trailers dragged through the suburbs as his franchisees mow lawns. But Jim is more than a businessman. He has written multiple books, has a PhD, and will run for election in Northcote, Victoria with the Libertarian party in November 2026. I wanted to find out what motivated Jim to run for politics, ask him about where he sees government waste and interference reducing our quality of life, and of course broach the topic of fertility, which he has a unique view on. It turns out that zoning and planning regulations are a big deal for Jim. Although we weren’t able to agree on much about this topic, we were able to break apart why our views differed. Find out more about Jim, his books, and try chatting with “AI Jim” at his website, jimpenman.com.au. Find him on X/Twitter here, and pre-order his new book Birth Rate Crisis here. Don’t forget about my upcoming Land and Housing Economics workshop on 9th and 10th June in Brisbane. Tickets here. PDF flyer attached below As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts. Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 Interested in learning more? Fresh Economic Thinking runs in-person and online workshops to help your organisation dig into the economic issues you face and learn powerful insights. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

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Cameron Murray is famous for questioning sacred cows and conventional wisdoms of both left and right. We chat about Cameron's latest Twitter battle and then delve into a controversy. Wide-ranging analysis - no topic out of bounds - inequality, regulation, housing, superannuation, lockdowns, tax, war, the meaning of life. www.fresheconomicthinking.com

Информация

  • Автор
    Cameron Murray
  • Годы выхода
    2021 - 2026
  • Выпуски
    129
  • Ограничения
    С ненормативной лексикой
  • Авторские права
    © Cameron Murray
  • Сайт подкаста
    Fresh Economic Thinking

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