NEWSFLASH! In September I will join The Conversation as its Business and Economy Editor. I have been honoured to work at The Age for the past ten years, originally alongside the legendry Tim Colebatch, and for the past four years as economics editor in my own right.

At The Conversation, my job will be to make the best thinking from Australia's 40 univerisites accessible to the widest possible audience. That means you. From the new year I will also write a weekly column.

On this site are most of the important things I have written for Fairfax and the ABC over the past few decades. I recommend the Search function. The site is a record for you, as well as me.

I'll continue to post great things from The Conversation and other places here, and also on Twitter and Facebook. Enjoy.

Thursday, May 27, 2010

A taste of Henry

More tomorrow.

Hansard will take a while to do the full transcript, which will be bloody brilliant.

"The proposition is that the non-renewable resources of the community belong to the Australian community at large and that the Australian community should regard the mining of those products as effectively balance sheet transactions. That is to say selling an asset.

As anybody would know, whenever you sell an asset it would be prudent to regard the selling of the asset as a balance sheet transaction and not something which can go on forever to finance recurrent spending

Whenever one sells an asset one will always be concerned about the price at which one sells it.

If it was your own asset you would be unlikely to give it away.

You'd take a very keen interest in the price that you got for the asset."

Related Posts

. Henry - here's what he said that I tweeted

. Three of the best things written about the Resource Super Profits Tax

. Wednesday column: We'll still be mining