The 125th Henry George Commemoration Dinner speech by Catherine Cashmore


The Culture of Abundance - Political Economist Catherine Cashmore lectures on the economics of land and dead weight costs


A full house turned up to hear Prosper Australia president, Catherine Cashmore, deliver her address, entitled “The Culture of Abundance” at the 125th Henry George Commemoration Dinner in Melbourne on Thursday night.

One of the best speeches for years, a good mixture of Georgists and non-Georgists heard Cashmore explain how much of Australia’s abundance flows pathologically into land prices, and simply to cut taxes on labour and capital is not good enough if we’re to increase our prosperity. That’s because such personal savings would only exacerbate land price increases, unless we also capture a greater part of the economic rent of our land.

Some young ‘newbies’ who attended to hear how greater land value capture might make Australia’s out-of-reach housing more affordable would not have left disappointed by information Catherine presented to those in attendance.

Bryan Kavanagh was happy to have it confirmed that his ten year-old assessment of the strangling deadweight of taxation—based on capturing at least 50% of our economic rent between 1972 and 2006—would have grown to the order of one trillion dollars by 2006, has been found to be most conservative.

Fred Harrison and Mason Gaffney, international experts on economic rent, have assessed Australia’s deadweight to be currently some $320 billion per annum. That’s equivalent to 19.25% of GDP – and you are entitled to your share!

So much for the incredible under-assessments of our deadweight by Australian economists!

Due to intransigence at official levels, Cashmore concluded that Prosper Australia’s mission must be to educate the general public that their high land prices militate against releasing the curse of all this deadweight – this pent-up abundance and prosperity.

The energy in the room after Catherine Cashmore’s address was palpable.

The EJ Craigie award for best-written article of the year was presented to LF Economics’ analyst, Philip Soos showing the wealthy often to be the greatest “leaners”.

EJ Craigie died in 1966 at the age of 95 years. We were privileged to have the sharp-witted George Jukes, who was a friend of ‘Jack’ Craigie, in attendance at the dinner, along with his daughter and son-in-law. George is 97. There must be something in the air about Georgist longevity in South Australia!

Listen to the speech 

Direct link here


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Cashmore & Co are experts in market cycles and property investment 

Catherine Cashmore has accrued many years experience working in the Australian real estate market. She is President of Australia's oldest economics organisation (Prosper Australia) and has lectured widely on the real estate cycle and the economics of land.

it's this knowledge that sets Cashmore & Co apart from other real estate agencies. 

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Whether it’s getting into a suburb you thought was out of reach, saving a hundred grand by avoiding a too-good-to-be-true apartment pitch, or getting a foot through the door in a hot market, Cashmore & Co has all the practical property ‘hacks’ to place you ahead of the competition.

Investors not only gain assistance with their property investments, with Cashmore & Co they have access to a treasure trove of advice and strategies that help extract the maximum amount of wealth creation from the 18-year cycle that you will not get anywhere else. 

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About Catherine

Catherine Cashmore

Owner & Director

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Catherine Cashmore has been working in the Australian real estate market for over 14 years.

Originally from the UK, and having also lived in the US, Catherine has extensive experience across a range of international real estate markets.

As a buyer and seller advocate, Catherine has assisted hundreds of home buyers, investors, and developers, find, assess, and negotiate, quality real estate for great prices throughout Australia.

She is President of Australia's oldest economics organisation, Prosper Australia - an organisation that has conducted vast amounts of research into the economics of land, market cycles, and the intricacies of how tax and government policy affect the markets.

Catherine is a regular and highly respected media commentator. She has often been called upon to guest lecture at universities and educational institutions (including RMIT and Sydney University) on how tax policy affects the real estate market, the design of cities, and the economy.

She is the editor of Fat Tail Investment Research's Cycles, Trends, & Forecasts, Catherine Cashmore's Land Cycle Investor, and Catherine Cashmore's Real Estate Wealth Course – publications that teach real estate and stock market investors about the land cycle, its impact on the economy, and how to create wealth from property and stocks using this knowledge.

She is also one of the former editors of the extremely popular The Daily Reckoning Australia (or the ‘DR’ as it's affectionately known to its 60,000 subscribers).  The DR is an independent financial news broadcaster that has been in the business of reporting financial trends that shape the economy since 1999.

Previously authoring the annual ‘Speculative Vacancies’ report, the only study in the world that analyses long-term vacant housing based on water usage data (Australia-focused), Catherine has an in-depth knowledge of the Australian real estate market and economic environment few can rival.

You can contact Catherine directly on 0458 143 089 or at 

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