As the global financial crisis tightens its grip on various sectors of the international economy, many private developers are refusing to approach commercial banks for property development loans, leaving the lucrative sector struggling with low credit financing. The Guardian understood that financing real estate, especially residential, office buildings and shopping …

A purple house, not a theory. Image by Alex Anstey It’s happening now, MMT. The Reserve Bank is making money. It should be called Modern Monetary Practice, not Modern Monetary Theory. In a speech last week, and questions after, central banker Guy Debelle explained it. Michael west reports on the …