Category Archives: Economics and economy

“The new mediocre …”

I have an op-ed in the AFR this morning that talks about Australia’s fiscal strategy over the past ten years and the need for a return to “the old-time fiscal religion”. Right now politicians tax as much as they think … Continue reading

Posted in Budget, Economics and economy, Taxation | 18 Comments

Anna Bligh and the Bankers’ Association

Admittedly I, too, did have a “wtf moment” when I saw the news that the Australian Bankers’ Association have appointed former Queensland premier Anna Bligh as their next CEO.  She never struck me as being someone who would know much … Continue reading

Posted in Economics and economy, Politics | 55 Comments

Is protectionism inflationary?

No. Protectionism is likely to distort some prices in the economy. But these (very likely) increased prices are not inflation. I raise this point because an argument has broken out at Econlog between Scott Sumner and David Henderson.  Scott Sumner … Continue reading

Posted in Economics and economy | 40 Comments

“The global deal of tomorrow”

This is from Canada’s Financial Post: In the Trump era, the plan for a Canadian-U.K.-Australia-New Zealand trade alliance is quickly catching on. Here is the point but it’s an interesting article from end to end. These are the first and … Continue reading

Posted in Economics and economy, International | 60 Comments

Dan Hannan on free trade

Posted in Economics and economy | 49 Comments

Useful family advice for students

From Behavioural Economics Saved My Dog by Dan Ariely Dear Dan, As a university professor who has been teaching for a long time, what advice would you give to students who are starting their academic year? —PETER Simple: cut all … Continue reading

Posted in Economics and economy, Education | 20 Comments

The economic idiot savants of our time

I don’t often find myself in almost total agreement with Robert Skidelsky but this is one of those times. This is from an article titled, Economists versus the Economy. What unites the great economists, and many other good ones, is … Continue reading

Posted in Classical Economics, Economics and economy | 34 Comments

Fundamentals of Sound Economics

It is with great pleasure that the Australian Taxpayers’ Alliance can announce that we will be running a special two-day intensive in Sydney with two of Australia’s leading economists, Professor Sinclair Davidson and Professor Jason Potts from RMIT University, on the … Continue reading

Posted in Economics and economy, Gratuitous Advertising | 26 Comments

David Leyonhjelm on Partners for Growth

Treasurer Morrison has asked parliamentarians to partner the Government in its efforts to boost the incomes of Australians. Where do I sign? We find out whether we are in recession on the 1st of March 2017, and there are only … Continue reading

Posted in Economics and economy, Guest Post, Rafe | 46 Comments

The tragedy of modern macroeconomics

The cross-post from Richard Holden begins as follows: Economists did not predict the financial crisis of 2007, nor did we predict that advent of secular stagnation that has followed. Those events have shaken the economic and political world. Our theories … Continue reading

Posted in Classical Economics, Economics and economy | 15 Comments