DFA Live Q&A HD Replay: Is Super Really Super, And Other Economic Questions: With Cameron Murray

This is an edited version of a live discussion with Dr Cameron Murray, Independent Economist over at Fresh Economic Thinking.

Fresh Economic Thinking is Australia’s newest think-tank, with independent and insightful takes on major economic debates.

Cameron thinks economics could be much better than it is so he often writes very fine technical critiques of economic theory and comments on the nature of the profession. He specialises in property and housing markets, environmental economics, and corruption. I dabble in just about everything: macro, money, institutions, evolutionary economics, and more.

For the past four years, he was a Post-Doctoral Research Fellow in the Henry Halloran Trust at The University of Sydney.

We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1

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Caveat Emptor! Note: this is NOT financial or property advice!!

[downtoearth]

My Super when held by private companies only provided them with huge rewards, my wages was from where it came and resulted in little benefit to me... I went to a union organised fund and the benefits to me was amazing.

[chrisdalton]

Finally, a discussion about Keating's flawed system. Like Medicare and NDIS, long term disasters!

[mylimomelbourne]

Once upon a time many many years ago. We started super in the building industry, we could have all used a PhD however we all knew if super was not compulsory nobody in the building industry would have super, I definitely agree there are better opportunities in individual investment however it’s better to have super than not have super at all and to have a life and children like Cameron, start dismantling super and we won’t have any..it’s not a get rich scheme Cameron it’s only supposed to supplement a pension…we all said eventually in the distant future they will find a way to take it away, it wasn’t handed to us on a plate, we had to fight for it, something most young people no nothing about. My mother was a nurse, no PhD back then…

[chrisburnett]

What Cameron didn’t mention regarding the use of nuclear energy is that, based on the latest climate science (the IPCC Reports), the critical decade for us to reduce emissions is the 2020s. The nuclear project in a country with no regulatory regime in place and no nuclear expertise would have to take us at least 15 years. We simply can’t afford 15 more years of ramping up the use of methane if we wish to avoid irreversible tipping points. Nuclear is fine as long as we continue building renewables and not simply put them on the back burner while we take 15 years to build a few nuclear plants. Cameron seems to be saying that the renewable advantages of Australia count for nothing.

[Ralph_Baric_PhD_C]

You forgot the magnetic pole reversal...

It will happen. We are overdue for the 6k or 12k cycle

[jetplane]

Hello Martin,

Super was a riduculous and transitory idea...

The 60's good old days probably made people feel like things coud be easier in life than was ever really possible

Like retirement

Work till you die is the reality for humans

[SageBison]

If we accept that the chances of Super being scraped is close to zero politically. What if as a country we did our best to cut the costs to a minimum. Say make it a single nationalized scheme that has a single investment structure. 14.5-50 vdhg 51-67 vdba or similar products. Vdhg outperformed every super provider in 22-23 and has a fee of 0.27% that’s annual cost of $10.8b. My issue with super is how many are directly employed or buildings with company logos or major sponsors of sports, that’s Australians retirement money being spent.

[redsed]

superSCAM, just like solarpanels, insurance, tax, rates, tolls, fines, gas, electricity, water etc

[MelbourneShorts]

I watch a youtube channel called The AIGRID and i think he's fair in his reporting. The other day he mentioned the trialing of UBI in Ireland and the AI powers that be talk about UBI as the possible replacement to salary. I'd like to see some economic chat about how this could work? I don't think it is a good idea...but could you do something on this future UBI world we may be headed into.

[fellowcitizen]

Super provides captive capital for war profiteers and social engineers

[chrisburnett]

Why can’t we just introduce some rules around Super to prevent its misuse. If you’re going to get the Super tax breaks, then why can’t lump sum withdrawal be limited to paying off remaining mortgage debt only at retirement. Otherwise the funds should only be used towards supplementing the pension if the pension actually applies with your Super balance. The tax breaks weren’t given to allow the purchase of a caravan and then live off the public purse.

[CineTechGeek]

There are a lot of new battery technology landing in the coming years.
With high efficiency solar. Battery And a totally distributed power system is a major benefit.
There is a significant advantage such a effective and distributed system will bring.
I am not against nuclear, I just see, as an engineer, effective use of wind and sun looks like the best solution for the country that has so much wind and sun.

The biggest argument against this is that nuclear is currently not being rolled out more even by countries that have them. They are going with other technologies.
It's hard to argue that narrative and why Australia should go against the trend in already nuclear countries.

[ErnestOfGaia]

is there a Ticker Symbol for the Super that onoe can track in Tradingview ?

[immunePR]

Super should be realeased at 40 or if you own your home

[MaxBond-iy]

Taxi driver level analysis. Zero use to investors.