Catherine Cashmore chats with Warren Mosler on MMT, inflation, and property taxes!


The election is over and we now have an Albanese government to contend with. 

I’ll be taking a look at what’s ahead for the market within the context of the current cycle.

Still, the election run-up was jam-packed with myths and fairly tales from all sides, regarding how the economy really works.

Readers that listened to the recent interviews I did with Dr Cameron Murray and Louis Christopher will already be able to pick through some of the BS spruiked by the mainstream.

‘We need to increase supply to lower property prices!’


‘We need to increase interest rates to control inflation.’

Both are well propagated myths that enable successive governments to wash their hands of any responsibility for what’s ahead.

Remember, the second half of the cycle is the most bullish phase. Nothing is going to change as we run to a peak in 2026. 

Right now, you have a prime opportunity to take advantage of it. Don’t allow yourself to become distracted.

How can I be so confident? I’ll get into that more next week!

But for now, I want to bring you a chat I had the other day with American economist, hedge fund manager, politician, and entrepreneur Warren Mosler.  

Warren is one of the founders and most prominent advocate of Modern Monetary Theory (MMT).

The term ‘theory’ is illusive. MMT gives ultimate clarity to the actual operations of money.  

Among other things, it demonstrates how government deficits are stabilising and often necessary to maintain full employment, and why increasing the cash rate will increase inflation in the broader economy.

MMT flips on its head many of the falsehoods written in the old economic textbooks. (The ones the likes of Albanese would have gained their education from.)

That’s not to say it comes without opponents. 

MMT has been attacked by monetarists for decades. 

The criticisms, however, are frequently a distortion of what Warren and leading MMT advocates truly elucidate.

I first made contact Warren a few years ago.

MMT was starting to gain attention, and Warren has a unique ability to explain the underpinnings of his ideas in a way the average Joe can understand.
However, at that time, as far as I was aware, there was little discussion on how MMT would — or wouldn’t — affect the property market.

It mainly focused on the monetary side of the equation.

In this respect, MMT or no MMT, the cycle was fated to continue.

Therefore, it was a surprise when I came across a recent interview with Warren discussing the need to tax property (land) and remove all other taxation, akin to the ideas of Henry George.

Take a look below:

As I mentioned earlier, the discussion is going to assist you in gaining further clarity of how the economy actually works and maintain focus on the path ahead.

I hope you enjoy the chat as much as I did!

Warren is talking to us from his home in the Virgin Islands.

You can listen 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. 

Cashmore & Co won't 'spruik' the market, or try and convince you that it's always a good time to buy.

Rather, Cashmore & Co use their expertise to assist investors, home buyers, and developers to make wise decisions based on their individual budgets and unique circumstances. 

They simplify the buying process saving buyers thousands in negotiation, as well as preventing costly mistakes.

Many of our clients benefit from insider secrets we have gleaned from years of experience that buyers, sellers, and developers, simply do not have access to. 

You can’t help but accrue this kind of on-the-ground knowledge when you’re involved with literally dozens of purchases and sales each year.(And also when you have a rare knowledge of the long-term property cycle as your framework.)

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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