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A command economy?
I don't know ! there's got to be a better way to run an economy than this. Boom ....Bust.....Boom.....Bust...Is this our ONLY option.
Is it possible to run a command style economy in a democratic country? Is it possible to have the benefits of an entrepreneurial private sector with the ability to for the government to dictate a "direction" in investment. Personally I'm pretty underwhelmed with the economic system we're running now.
OK ,one example. The government allows people to own as many houses as they like, they encourage it by allowing tax breaks (negative gearing), then younger people can't afford to buy a house because the investors have the cash behind them. First home buyers are constantly outbid by investors at auction. So the younger people are forced into renting in an over inflated housing market. We now have some of the most expensive real estate in the world. What a ****ed up system. How about this..... The government removes housing as a form of investment by limiting the amount of housing anyone can own. OK, so you can own 2 houses a residence and a holiday house or farm or whatever and if you want to invest your money then invest in something meaningful like shares or whatever. I await my flogging!
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CPI Deflated rents index starting Sept 1972

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