Episode Details

Economist Gary Stevenson, a former Citibank trader and popular YouTube influencer, is set to speak in Perth, warning against relying solely on new housing to solve the citys housing crisis. He advocates for creating a sovereign wealth fund, similar to Norways, to safeguard against future resource downturns. Stevenson, with over 1.5 million subscribers, simplifies complex economic concepts, focusing on global inequality exacerbated by massive stimulus spending. He attributes the housing crunch to a global surge in asset prices, driven by wealthy investments boosted by government aid. Stevenson warns that unchecked development, as seen in London, can lead to poverty traps. He emphasizes the importance of saving resource wealth for long-term benefits, rather than short-term gains.

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