Liberty Quote
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
— Milton Friedman-
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Recent Posts
- A downside to the Great Society.
- The hockey stick of power prices thanks to unreliable energy
- Kelly O’Dwyer to quit Parliament
- How much worse can it get?
- Open Forum: January 19, 2019
- Fake ABC news on coffee extinction
- A hypothetical British Prime Minister discovers global warming
- Shutting down the Speaker of the House
- Rafe’s Roundup 18 Jan 2019
- Are we headed towards high noon for democracy?
- Germany losing the Third World War
- The state of the shutdown
- There is only one Brexit
- David Bidstrup: If one problem is too hard to solve try another one
- Justinian The Great: Pill Testing: What is Ross On?
- Mardi Dungey 1966 – 2019
- Peter O’Brien on Brexit
- Wednesday Forum: January 16, 2019
- Slovakia’s nuclear transition to green energy
- Saltbush Launches an EXIT PARIS Campaign
- SA the mendicant state
- The Dunning-Kruger Effect and the ignorance of experts
- Approaching the red zone for power down south
- Monday Forum: January 14, 2019
- Stephen Hicks, interviews with entrepreneurs
- Yellow jackets in the US
- The latest in not-the-news
- Fast tracking unreliable energy. What could go wrong?
- David Bidstrup: “What’s it like there Chips?”, “Hot mate, hot”.
- Muddy – Catictihog Day.
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Category Archives: Economics and economy
Seems to be a safe assumption
Greg Mankiw on the US government shut down and GDP: In this interview, CEA chair Kevin Hassett (around minute 4:00) dismisses the adverse impact of the government shutdown on real GDP. It seems to me that he is more wrong than … Continue reading
Posted in Economics and economy
15 Comments
Well Duh
Banks have turned into Big Brother and are snooping through customers’ personal transactions before granting them loans to try and catch out whether they have hidden pets or could be pregnant. Following public pressure from the royal commission, banks are … Continue reading
Posted in Economics and economy, Financial Services
35 Comments
Wayne Swan could have done that
So I’ve been catching up on all the news since returning to Australia. Sex scandals, MYEFOs and what not. Since morning Peta Credlin managed to combine the (latest) sex scandal and MYEFO. Broad’s career was probably unsalvageable, but his exit … Continue reading
Posted in Economics and economy
13 Comments
The political economy of interest rate adjustments
Interest rate adjustments are a dangerous economic tool, both when they go down too far and when they are raised too high. Central bank interest rate policies, drenched as they are in the incompetent conclusions from Keynesian macro, are about … Continue reading
Posted in Economics and economy
10 Comments
From the Wall to Wall Street
TRUMP VOWS VETO OVER WALL! FRUSTRATION BUILDS SHUTDOWN LOOMS Meanwhile, in The Oz, this is the headline story in the paper – allies warn as Trump pulls troops out of Syria – but it’s no news anywhere else, including at … Continue reading
He may have half the country with him but it’s the wrong half
Quite a day for news. First the economy. FED RAISES RATES; DEFIES TRUMP MARKETS PLUNGE The aim is to sabotage the American economy. No one in the deep state, whether they are in the “public service” or George Soros, will … Continue reading
Posted in American politics, Economics and economy
15 Comments
No such thing as “the level of demand” at an aggregate level
Through the whole of the Costello years as Treasurer, I would say that everyone would live through these exceptionally good economic times, but no one would learn a thing. And it’s not just that we had balanced budgets, but had … Continue reading
Posted in Economics and economy
18 Comments
More economic incompetence coming our way
Modern economics is so incompetent to deal with the problems of our economy that it is simply breathtaking. This is the headline at The Oz: “Reserve Bank paves way for further cuts in official interest rates”. His comments come against … Continue reading
Posted in Economics and economy
37 Comments
A sobering message from CIS. Wake up Australia!
Our economy has been described as “the wonder down under” but complacency rules and chaos beckons under Green/CFMEU administration. A glance at the table of economic and financial indicators at the back of The Economist shows Australia leading the pack … Continue reading
Posted in Economics and economy, Rafe
5 Comments
The Opportunity Costs of Socialism
The American Government (ahem, The Council of Economic Advisers) has just released a new paper – 72 pages in length – titled: The Opportunity Costs of Socialism. Here are the first paras from the Executive Summary to give you a … Continue reading
Posted in Economics and economy, Socialism
14 Comments