The paper advances an answer to a puzzle: Why is any lending or borrowing done in terms of money, when such money debt exposes the lenders' wealth to inflation risk? The 'received' answer to this question is that money bonds are just proxies for real bonds, proxies born of insufficient...

Australia's policy inertia in the face of movement in other societies, and in defiance of the omnipresent rhetoric of “change”, makes it timely to renew the investigation of the Australian Exceptionalism This paper scrutinises past attempts at explanation, and brings to the bar one...