Category Archives: Economics and economy

Monetary bleg

Send me money bitcoin. Oh wait … More seriously, send me information. I’m sure Cats recall a story explaining liquidity traps. The story goes along the lines of a businessman paying a cash deposit to an innkeeper in a small … Continue reading

Posted in Economics and economy | 16 Comments

The importance of economic growth for the poor

Dan Mitchell, our man in DC with current US data to demonstrate that all boats rise and fall together. See also Jim Rose and the NZ Taxpayers. That reminds me, we are going to NZ at Christmas, travelling from bottom … Continue reading

Posted in Economics and economy, Rafe, Taxation | 10 Comments

Reliable and Affordable Electric Power Generation Booklet

Courtesy of a threadster on Jo Nova’s post on the >Electric Power Consulting report titled National Electricity Market (NEM) Model, this link takes you to the booklet and a profile of the consultancy. The booklet only runs to four pages … Continue reading

Posted in Economics and economy, Global warming and climate change policy, Rafe | 9 Comments

Workers need a pay rise and are therefore determined never to get one

Two kinds of contrary stories, but only contrary if you are not part of the cargo cult mentality of the left. Then we can have higher real incomes and at the very same time throw over the cheapest energy sources … Continue reading

Posted in Economics and economy, Economics on the left, Global warming and climate change policy | 45 Comments

Unreliable energy, a road to ruin?

Researching for a talk at Humanist House in Sydney next week turned up some intriguing factoids. Energy Consumers Australia produced a handy 240 page Energy National Energy Regulation Handbook. People have been busy the last decade or two creating a … Continue reading

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

Felipe Lungov: Creative Destruction in the App Market

One of the key features of any free market is that the main players are always rotating. No one stays on top forever. Mark Perry shows that only 53 companies that featured in the Fortune 500 list in 1955 are … Continue reading

Posted in Cryptoeconomics, Economics and economy, Guest Post | 14 Comments

Oxford University Press from out of nowhere quotes Mill’s fourth proposition on capital

This is a tweet sent out by Oxford University Press Economics. Oxford Economics‏ @OUPEconomics FollowFollow @OUPEconomics More “Demand for commodities is not demand for labour.” – John Stuart Mill < 1:14 AM – 30 Jul 2018 . From Oxford University Press with … Continue reading

Posted in Classical Economics, Economics and economy | 10 Comments

Original (economic) sin

John Cochrane in the WSJ: Cross-subsidies are the original sin. The government wants to subsidize health care for poor people, chronically sick people, and people who have money but choose to spend less of it on health care than officials … Continue reading

Posted in Economics and economy | 8 Comments

Economics as physics

So the US economy is expanding at a 4.1% annual rate and is experiencing a tightening labour market and possibly even rising real wages. That the American economy under PDT would shed the shackles left by eight years of Obama … Continue reading

Posted in Classical Economics, Economics and economy | 18 Comments

Gene Tunny: The Andrew Leigh-Sinclair Davidson company tax debate

In March, there was extensive media coverage (e.g. in the Guardian Australia) of shadow assistant treasurer Andrew Leigh’s company tax research which found companies paying lower effective company tax rates (i.e. actual tax paid/profits) did not create more jobs than those … Continue reading

Posted in Cross Post, Economics and economy, Taxation | 5 Comments