Category Archives: Economics and economy

Cryoeconomics: How to Unfreeze an Economy

The 2020 global pandemic abruptly brought into question many of our social, economic and political institutions. COVID-19 is more than a public health crisis—as economies and states falter there are deep questions about the resilience and robustness of our political … Continue reading

Posted in COVID-19, Economics and economy | 2 Comments

Unemployment

Roy Morgan reckons the unemployment rate is 16.8%. The unemployment and under-employment rate they estimate to be 27.4%. I hope they are right – because I reckon that number is far too low. Here is some research undertaken by Jonathan Dingel and Brent … Continue reading

Posted in COVID-19, Economics and economy | 16 Comments

Pelling the Cat on Regulation

Sinc had an interesting post about regulators looking for trouble and comparing it to Victoria Police pursuing Pell. I would define the problem a little differently to Sinc based on my experience consulting to a few regulatory agencies in the … Continue reading

Posted in Economics and economy, Rule of law | 19 Comments

Victoria Police are not alone …

… this is how the regulatory state operates. First – let Greg Craven describe how the Pell case went down: The inescapable conclusion is that Pell was prosecuted on an unwinnable charge for two reasons: first, that there were those … Continue reading

Posted in Economics and economy, Rule of law | 14 Comments

Cryoeconomics: how to unfreeze the economy

My RMIT University colleagues (Darcy Allen, Chris Berg, Aaron Lane, Jason Potts) and I are frantically writing up our next book: Cryoeconomics: How to unfreeze the economy.   The Australian government, like many governments around the world, wants to freeze the … Continue reading

Posted in COVID-19, Economics and economy | 13 Comments

Containing viral inflation is a process that must begin right now

I am about to quote John Maynard Keynes with approval, from his 1919 Economic Consequences of the Peace. Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a … Continue reading

Posted in COVID-19, Economics and economy | 37 Comments

Putting the economy in “hibernation”

Posted in COVID-19, Economics and economy | 1 Comment

May you live in idiotic times

You want socialism we’ll give you socialism. This is the front page of The Oz this morning: DEPRESSION BUSTER with the headline all in caps just as you see. We are going to keep handing out money to people for … Continue reading

Posted in Economics and economy, Federal Politics | 32 Comments

Shut Down The Shut-Down Before The People Do It For You

It may sound noble to say, ‘Damn economics, let us build up a decent world’ but it is, in fact, merely irresponsible. With our world as it is, with everyone convinced that the material conditions here or there must be … Continue reading

Posted in COVID-19, Economics and economy | 76 Comments

Outstanding

Roger Kimball: It’s Not a Choice Between Lives or the Economy.

Posted in COVID-19, Cultural Issues, Economics and economy | 3 Comments