Resource rent tax – radio interview

I recently appeared on “On the money” on 2ser in Sydney (and other stations around the country through the community radio network).  I was explaining what a resource rent tax was and how it worked. As usual with this topic, a significant amount of the time available was spent explaining that the word “rent“, when used by economists, has nothing to do with the word “rent” as used by non-economists. It’s been suggested to me recently that we need to come up with a new term for economic rent to avoid all the confusion. Not sure how you’d go about doing that and garnering broad enough support that your extra term wouldn’t just add to the confusion.

On the Money is a great program which aims to demystify financial matters. The program I was on is not available for podcast but you can probably catch the show on your local community radion station.

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