The T‑shirts have been printed and they look fantastic (if I do say so myself). There are 3 designs:
One highlights the core issue that conventional economics ignores, and Debt Deflation theories take seriously–the ratio of private debt to GDP:
Debt to GDP Ratio from 1860 till 2010
Another shows the relationship between the ratio of house prices to disposable incomes and the First Home Owners Grant. The Grant has been introduced, relaunched, or doubled on five occasions, and each time it made housing less affordable:
The FHOG and housing unaffordability
One shows the history for real house prices in Japan, the USA and Australia:
Local and international house price bubbles
We produced 20 of each of the 3 designs in 3 sizes: Medium, Large and Extra Large. Anyone who is walking the entire route will get one for free, so if you are an “all the way” walker, please let us know what size will suit you and we’ll put one aside for you.
There are now 17 people who are doing the whole route (including the support team of 5); Colin McKay who has kindly donated the shirts has kept 3 Mediums (one of each design); while I will be wearing a different design each walking day (another 7 Mediums–3 of the Debt to GDP ratio and 2 of the others). That leaves 33 T‑shirts that are available for purchase, and we’ll be selling them at $35 each to raise money for The Walk, with any excess funds going to the newly formed Centre For Economic Stability (more on this soon, once the remaining legal details are completed). If you’d like to purchase one, please click on this link to go to the shopping cart for the Centre For Economic Stability.
Donations to The Walk have now topped $2,000, while about $3,000 has been raised for Swags for Homeless. The costs will be substantially greater than this, and they are being covered by funds donated to Debtwatch and the fee I was paid for the debate with Chris Joye back in February.
With a dozen people walking the entire distance, about 30 people coming along for the start at Parliament House The Walk (including 3 stilt walkers), and up to half a dozen joining us for individual days on the route, The Walk is shaping up to be quite an event.