This article evaluates the evidence for a recently expounded proposition that the deposit gap has increased in Australia and that home ownership has, as a consequence, become less accessible. It concludes that this argument is, at best, not proven, on the basis of the evidence that has been offered.

Simon Chappie, after apparently reading no more than eight of the thousand or more pages that I have written on the Phillips curve, questions my interpretation of the theoretical and empirical components of Phillips' dynamic stabilisation exercise. Despite the existence of overwhelming evidence,...