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Ideas@ The Centre 6

Vol. 2 No. 6 (February, 2010) Freedom quote of the week
Left-wing politicians take away your liberty in the name of children and of fighting poverty, while right wing politicians do it in the name of family values and fighting drugs. Either way, government gets bigger and you become less free.
— Harry Browne
  • Irrational Medicare system delivers inverse health care
    Jeremy Sammut | 19 Feb 2010
    This week, two health stories from different states point to some fundamental problems with Medicare.
  • Nuclear's global renaissance
    Oliver Marc Hartwich | 19 Feb 2010
    The announcement by US President Barack Obama this week to provide federal loans for new nuclear power stations signals a revival of this technology. This may have implications for Australia, too.
  • Politicians no friends to home borrowers
    Stephen Kirchner | 19 Feb 2010
    Many analysts were surprised by the Reserve Bank’s decision to keep interest rates steady at its February Board meeting. In fact, the decision was well-flagged in a speech by RBA Deputy Governor Ric Battellino in December last year. The Deputy Governor noted that market-determined interest rates had increased by around one percentage point relative to the official cash rate over the last two years, reducing the need for increases in official interest rates. The RBA calibrates changes in official rates to changes in lending rates to achieve its desired level of credit restrictiveness. He also noted that ‘the margin on variable housing loans is much the same today as it was at the start of the crisis.’ The big increase in lending margins has been in relation to business lending, not mortgages.