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  • "Australia's economic model is broken. We earn income by shipping dirt to the world then our banks leverage that income with huge offshore loans that they use to pump up house prices. It's worked nicely for 15 years but the jig is up. Australia needs change or its standard of living will tumble. It has already begun. "
    David Llewellyn-Smith is the founding publisher of The Diplomat. He is also the co-author of The Great Crash of 2008 with Ross Garnaut and a former trader.
  • "Why do we do this? Have you seen the alternative? The Australian mainstream media? It's a gaggle of press releases presented in a cling wrap of captured commentary. Unwrap it and you find nothing but one business agenda after another. Mainstream media can no longer afford to employ smart enough people to judge the difference between that and the interests of its readers."

    Leith van Onselen (aka the 'Unconventional Economist')  has previously worked as an economist at the Australian Treasury, Victorian Treasury and Goldman Sachs.
     

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