Welcome to the home page of
ECONOMIC REFORM AUSTRALIA
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since September 1996
WHO ARE WE ?
Economic Reform Australia (ERA) is a non-profit and non-party organisation
concerned primarily with sustainable development and with economic
and financial reform.
Members are held together by a realisation that the debt money system
used around the world is unsustainable and that reform is necessary if
democracy, social justice, and respect for the environment are to be
Furthermore, members recognise that the economic growth and consumption
imperatives associated with a debt-driven economy inevitably result in
escalating environmental destruction, high levels of unemployment and
Membership is open to all who are in agreement with ERA's basic
philosophy and objectives. ERA is an associate of the Committee on
Monetary and Economic Reform (COMER), which is an international think
tank with members from many professions.
Each ERA member is entitled to receive a copy of the regular ERA
newsletter (members can also arrange to receive the quarterly newsletter
of TOES - The Other Economic Summit).
A full list of papers by COMER economists, known as the COMER papers,
is available on request from
or our postal address:
These papers are available individually at the cost of copying and
postage to members and subscribers.
Economic Reform Australia,|
PO Box 505,
Australia's sovereignty has been sabotaged by a long period of financial
and trade deregulation.
As a result, Australia has generated massive debts, particularly foreign
debt, and a financial system dominated by foreign exchange speculation
and overseas ownership.
Yet Australia is not alone.
Today's international financial system has become a major threat to
living systems around the earth.
It generates levels of debt and interest on debt which enslave many
national economies including Australia and the Third World.
In Australia, total public and private debt exceeds one trillion dollars
(the most recent data can be obtained from the Australian Bureau of
Statistics and from the Reserve Bank of Australia).
Although most of this debt is private (and especially corporate), the
simple fact is that the annual bill to the taxpayer for servicing
government debt alone is some $20 billion.
This money could be better spent on essential infrastructure and
Furthermore, the total volume of debt within Australia exceeds the
volume of broad money by a factor of three, and has done so for
many years. Since total debt is growing faster than both inflation
and the money supply, the inescapable conclusion remains that overall
debt is becoming ever more unrepayable with the passing of time.
In these circumstances a general financial breakdown seems inevitable
at some future time.
ERA's long term goal is to achieve a socially, environmentally and
financially sustainable economic system.
It's short term policies include the implementation of:
ERA also supports:
- The Economic Sovereignty Loan Scheme.
- An Impex-style system of foreign exchange management.
- Financial Transaction Taxes.
- A Reformed Foreign Investment Review Board.
- A tax system which achieves a more equitable distribution
of income and employment.
- A guaranteed adequate citizen's income.
- LETS (Local Exchange Trading Systems).
- Tax incentives and regulations to encourage environmentally
Details of ERA's short-term and long-term policies are available on
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Dr A Peel, PO Box 79, Nunawading 3131
B. Bourke, RSD 52, Bacchus Marsh 3340
C. Mar, 24 Wonga Rd., Ringwood 3134
Dr J. Hermann, PO Box 505, Modbury 5092 (email: firstname.lastname@example.org)
P. Lock, 4/20 Everard St., Largs Bay 5016
M. Plowright, 38 Bishop Place, Marryatville, 5068
R. Vlais, Environment Centre of WA, PO Box 7375, Cloisters Squ., Perth 6850
K. Fauser, 3 Booth Street, Mt Barker 6324
R. Sanders, Environmental Sci., Griffith University, Nathan 4111 (email: R.Sanders@ens.gu.edu.au)
Rev A. Sandaver, 27 Vasey Street, MOOROOKA, QLD 4105
F. and B. Milne, 14 Gallimore Ave., Balmain 2041 (email: GH.Adams@uws.edu.au)
J. Horrocks, 13 Gurney Cresc., Seaforth 2092
Prof G. Wrightson, 9 Excelsior Pde., Carey Bay 2283 (email@example.com)
H. Adams, 30 Bee Farm Road, Springwood 2777 (email: GH.Adams@uws.edu.au)
Dr C. Watson, 79 Denny St., Latham 2615
Detailed information concerning Economic Reform Australia membership, or
available publications, may be obtained by email to us at
An ERA membership application form may be obtained by clicking on the link
If you wish to have your name placed on the mailing list of the ERA email network,
send your email address to
ERA EMAIL NETWORK
Detailed ERA Objectives and Policies can be found in our
ERA is a member of the
AUSTRALIAN COALITION FOR ECONOMIC JUSTICE.
Further information about the coalition may be obtained by writing to:
(or telephone Brian O'Halloran at 07 3891 591 or email:
84 Park Road,
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Links to Related Web Sites
||Web Site of the New Economics Foundation and TOES 98 (UK)
||Web Site of the 1997 Peoples Summit, TOES-USA (University of Colorado at Denver, 19-22 June, 1997)
||Australian MAI Community Awareness Site
||Ralph Nader's Public Citizen Web Site
||Institute for Economic Democracy Web Site
|GLOBAL TRADE WATCH
||GATT, NAFTA and the Multilateral Ageement on Investment (MAI)
| MAI INFORMATION
|| MAI ? No Thanks !
|SMALL IS BEAUTIFUL
||Web Site of E.F. Schumacher Society
||Web Site of Shann Turnbull
||Web Site of Gerhard Weissmann
||Monetary Reform Magazine, Ontario
||University of Linz Monetary Reform Group
||Canadian Centre for Policy Alternatives
||American Monetary Institute
|TRUTH IN MONEY
||Truth in Money, Inc
||Humane World Community, Inc
||Alternative Money Systems - Web Site
|MONEY TALK (ONLINE)
||USA Coalition to Reform Money
||Information about alternative communities, environmental groups,
social justice organisations, TOES, LETS and the alternative lifestyle
||The International Environmental Organisation
Link to Australia's own WEB WOMBAT
Web Site Conservation Award
Everything you need to work the Web
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Last Update Wednesday 16 December, 1998
© Copyright 1997, John Hermann
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