Category Archives: Economics and economy

Think NBN, pink batts and school halls

It is an anti-Keynesian article so I won’t complain a lot, but still it does get me down that no one any longer has much of a clue why public spending depresses economic growth. And it’s not as if Keynes … Continue reading

Posted in Classical Economics, Economics and economy | 15 Comments

CPI is a proxy for inflation

One of my hobby horses – what is inflation? Arthur Seldon defines inflation as ‘a fall in the value of money due to a persistent expansion in its quantity’. Ludwig von Mises wrote that ‘everyone knows’ that inflation is an … Continue reading

Posted in Economics and economy | 35 Comments

Keynesian economics wrecks economies

I picked this up at Andrew Bolt which reminds me why I tend not to read the papers any more. The article is quite accurate and important – Living standards in decline as real wage growth stagnates. The problem is … Continue reading

Posted in Classical Economics, Economics and economy | 10 Comments

Gratuitous Advertising: Applied Mainline Economics

A new book from the Mercatus Center: How do human societies work, and how can we make them work better? What methods, ideas, and strategies should we use to help us answer these questions? Economists have more empirical tools—more data … Continue reading

Posted in Economics and economy, Gratuitous Advertising | 4 Comments

Jo Nova on the sabotage of the SA power system

Spend 30 Mil to save a Billion? No thanks, not green enough. The SA blackout cost around half a billion, and building a new gas plant (with a $170b in green bribes) adds another half. It’s now emerged that Alinta … Continue reading

Posted in Economics and economy, Global warming and climate change policy | 26 Comments

Suppose you wanted to understand Donald Trump’s supply-side economic reforms where would you go?

There was this story on the front page of the Financial Review yesterday morning with the heading: Trump reforms ‘not understood’. It begins: The United States economy is poised to enter a period of sustained higher economic growth on the … Continue reading

Posted in American politics, Classical Economics, Economics and economy | 22 Comments

CIS Policy has hit the street. Metaphorically

Policy on line.

Posted in Australian Story, Economics and economy | Comments Off on CIS Policy has hit the street. Metaphorically

Deirdre McCloskey on the minimum wage

Posted in Economics and economy, Oppressive government | 11 Comments

Economists have a hive mind?

Danielle Wood from the Grattan Institute has an op-ed in The Conversation talking about the need to recruit more women into the economics profession – as opposed to having (more) women study economics and then use the disciple as a … Continue reading

Posted in Economics and economy | 31 Comments

If it’s not value adding it does not add to growth

Let me go back to something I have managed to avoid for a while, the absence of penetration in modern economic theory. Governments waste spectacular amounts of our productive resources on projects that will never turn a dime and are … Continue reading

Posted in Economics and economy | 31 Comments