Category Archives: Economics and economy

The wages of waste

Personally, I care not at all about the headline issue: At $528,000 a year, Turnbull’s pay is highest of any leader in OECD. PDT is not taking any salary at all so the price mechanism doesn’t always reflect relative value … Continue reading

Posted in Economics and economy, Federal Politics | 3 Comments

Government regulation in less than a thousand words

Posted in Economics and economy, Economics on the left | 25 Comments

David Leyonhjelm guest post on the budget

When someone does something they shouldn’t, it’s often the cover-up that heralds their downfall rather than the original error. In Tuesday’s budget the Coalition Government broke its commitment to offset new spending measures with reductions in spending elsewhere. For a … Continue reading

Posted in Economics and economy, Federal Politics, Guest Post | 19 Comments

The quiet disaster of modern economic theory

Quite an interesting article with the title The quiet triumph of economics which takes the contrary view to my own view which thinks of economics as having almost entirely sold its soul to the left. So what is the case … Continue reading

Posted in Economics and economy | 23 Comments

Utopian aspirations from Plato to Marx, Mao and Pol Pot

Chapter 9 of The Open Society and Its Enemies Perfectionism and Utopianism. Don’t miss the bonus link at the end! Everything has got to be smashed to start with. Our whole damned civilization has got to go, before we can … Continue reading

Posted in Economics and economy, Rafe | 11 Comments

Marx and the coming of the socialist utopia

Chapter 18: of The Open Society and Its Enemies by Karl Popper (1945) The Coming of Socialism In this chapter and the two that follow, Popper tested the coherence of the chain of predictions that Marx made for the coming … Continue reading

Posted in Economics and economy, Rafe | 11 Comments

How funny is this?

The ALP have been telling us all about the negative gearing rort. Well breaking news*: The Australian Taxation Office statistics, released last week, showed that 62 per cent of people who claim an investment property as a tax break were … Continue reading

Posted in Economics and economy | 44 Comments

Turnbull’s chosen energy supremo says wind is cheaper than coal

On Thursday, at the Energy Users Conference, the government’s chosen head of the chive quango running the electricity supply industry, Kerry Schott, remarked that coal plants could no longer compete. According to The Australian (her speech has not been made public) … Continue reading

Posted in Economics and economy, Federal Politics | 66 Comments

Going off the grid.

Interesting line of argument from Jo Nova. Chinese Bitcoin miners are reopening the Hunter Valley coal power station called Redbank in NSW. They have a deal that gets around our gargantuan, mismanaged grid by buying coal power direct for 8c/kWh, … Continue reading

Posted in Economics and economy, Rafe | 32 Comments

The Anti-capitalist Mentality and Green Tyranny

Liberty Quote Environmental policy is not driven by tree-hugging activists, earnest liberal bloggers, or ecologically minded citizens. Instead, it flows from the lobbyists and executives of well-connected multinational corporations and built-for-subsidy startups that see profit in the loan guarantees, handouts, … Continue reading

Posted in Economics and economy, Rafe | 13 Comments