Category Archives: Economics and economy

“Wage growth is stuck in the doldrums”

UPDATE/POSTDATE: How bizarrely out of it economics has become is triple underscored by the front-page story in The Oz: Peril for budget in wages slump. This is seen as a problem, which it is, but not as a cause and … Continue reading

Posted in Economics and economy | 15 Comments

Where I agree with Richard Denniss …

Richard Denniss – chief economist at The Australia Institute – has a column at the AFR.  This time he has some comments I agree with – getting soft in the old age. There are 750,000 unemployed people in Australia, up … Continue reading

Posted in Economics and economy, Oppressive government, Taxation, Wasteful Spending | 50 Comments

David Leyonhjelm – An Apology to Taxpayers

Posted in Economics and economy, Taxation | 28 Comments

Everything you need to know about public spending

Everyone loves to spend other people’s money. [My thanks to Debbie for the cartoon]

Posted in Economics and economy | 11 Comments

Allan Meltzer 1928 – 2017

Alan Meltzer – great monetary economist and former Mont Pelerin Society president has passed away aged 89. The last time I saw Allan he was giving stick to Scott Sumner over his nominal GDP targeting idea. A great loss to … Continue reading

Posted in Economics and economy | 6 Comments

William Baumol 1922 – 2017

The great William Baumol has passed away aged 95. He made a magnificent contribution to economics and was active right up until his death. Alas he never won the economic Nobel but would have been a worthy winner in any … Continue reading

Posted in Economics and economy | 2 Comments

The enemy is Keynesian macro

I’m afraid you can talk about debt and deficits to the end of time but unless you understand that the true enemy is macroeconomic theory with its emphasis on aggregate demand your chances of turning round The Titanic are approximately … Continue reading

Posted in Classical Economics, Economics and economy | 12 Comments

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 | 22 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