Mr TURNBULL (Wentworth—Prime Minister) (14:47): The shadow Treasurer is no doubt a man of great ability but he is not in a position to suspend the laws of economics. Mr Bowen: There's no evidence. Mr TURNBULL: He says there is no evidence. The SPEAKER: I remind the member for McMahon that he has been warned. Mr TURNBULL: We have a market—$5.56 trillion of assets, the most important single asset of every Australian homeowning family, which is most Australians. He proposes to remove one–third or more or more of the buyers from that market— The SPEAKER: The Prime Minister will resume his seat for a second. The members for Hotham and Scullin need to reflect on the statement I made earlier in question time. I am not going to restate it over and over again. They have both been warned. I can utilise 94(a). I also have another possibility, which is naming. I am not going to restate the point over and over again. The Prime Minister has the call. Mr TURNBULL: So the honourable member wants to remove one-third of the potential buyers for the most important asset that every Australian family has. He wants us to believe that removing one-third of the buyers will have no impact on prices whatsoever. This defies the fundamental common sense that every Australian knows: where there are more buyers than sellers, prices will go up. The more of those buyers that go, prices will go down. That is what happens in markets. I recognise that the Labor Party— Mr Dreyfus interjecting— The SPEAKER: The member for Isaacs is warned. Mr TURNBULL: That was a brilliant interjection from the member for Isaacs. I have just described what could be termed economics 101— Mr Dreyfus interjecting— The SPEAKER: The member for Isaacs has been warned. Mr TURNBULL: The member for Isaacs says, 'You're making it up'! This is funny in a tragically sad way. The Labor Party believe that the most fundamental principle of economics, supply and demand, is something that we have made up. Really—what is this? Are we going into some kind of soviet economics where markets are denied? Paul Keating would be ashamed of you for that! At least, if you are going to make a shock as big as this, the Labor Party should be the one that is producing the evidence. They should be the ones explaining why you can send a third of the buyers away and prices will not be affected. They are playing a reckless game with Australians' homes.