Category Archives: Economics and economy

John Roskam on the 10th anniversary of the Rudd stimulus package

On the silence of the Libs and Labor. The fact that no-one wanted to talk about the legacy of the stimulus package is revealing. Labor didn’t want to discuss it because it brought back memories of the terrific waste involved, … Continue reading

Posted in Economics and economy, Rafe | 18 Comments

Australia’s dismal economic future

The front page story in the AFR today is: Weak incomes for years to come, International Monetary Fund warns. A bit of the story, all depressing: Real incomes are poised to barely grow over the next six years and living … Continue reading

Posted in Economics and economy | 24 Comments

What is capitalism?

There is an interesting thread at Powerline on the question What is socialism? The central aim of socialism has always been to rid ourselves of the capitalist system. And what, exactly, do these socialists wish to get rid of? Certainly … Continue reading

Posted in Economics and economy, Economics on the left, Socialism | 72 Comments

Make the other half work too

In a previous life that was the title of the advertising textbook I studied in third year commerce.  The title riffed off a statement that only half of all advertising worked but nobody could be sure which half. II was … Continue reading

Posted in Economics and economy, Gratuitous Advertising | 15 Comments

ALP will be taxing your Nana

I have an op-ed in the AFR this morning on the proposed policy to end fulling paying out excess franking credits. Some 6.1 per cent of taxpayers appear to earn excess franking credits – less than the 8 per cent … Continue reading

Posted in Economics and economy, Shut it down. Fire them all., Taking out the trash, Taxation | 54 Comments

Perverse incentives in education

There are three types of goods and services in the world. Information goods – these are goods and services where you can discover everything about the good or service in advance by acquiring information. Experience goods – these are  goods and … Continue reading

Posted in Economics and economy, Education | 25 Comments

Greenies advocate inefficiency – but we knew that

There is an astonishingly bad op-ed in the Australian this morning by Geoff Edwards – president of the Royal Society of Queensland. As least he is honest enough to admit: This article does not necessarily represent the views of all … Continue reading

Posted in Economics and economy, Global warming and climate change policy | 23 Comments

The looney left has found yet another economic theory to ruin us with

From The Times reprinted in The Australian. Insane enough just as an economic principle, but to have it endorsed by Alexandria Ocasio-Cortez and then presented as a sensible idea by the Economics Editor of The Times in London [!!!!!] shows … Continue reading

Posted in Economics and economy, Economics on the left, Media | 65 Comments

How much worse can it get?

A reminder to you Keynesians out there, macroeconomic theory is false from end to end, providing no insight into how an economy works. Other than that, please carry on. From Instapundit. HORRORS OF THE TRUMP ECONOMY: Skills Gap Gives Workers Unprecedented … Continue reading

Posted in American politics, Economics and economy | 14 Comments

Mardi Dungey 1966 – 2019

Today we hear the very sad news that the great Australian economist Mardi Dungey has passed away.  She had spent the last ten years at the University of Tasmania.  Before that she was at Cambridge. When she and her husband … Continue reading

Posted in Economics and economy | Comments Off on Mardi Dungey 1966 – 2019