Category Archives: Economics and economy

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

The cost of government around the world

Dan Mitchell’s international comparison of tax burdens. Belgium tops the table, not surprising they are the headquarters for the EU. Look at the second chart to see how the needle moves when the family is considered rather than single taxpayers. … Continue reading

Posted in Economics and economy, Rafe, Uncategorized | 23 Comments

David Leyonhjelm guest post. Dumping on industry

President Trump’s steel tariffs are widely viewed as a deeply flawed protectionist measure that will damage US steel consumers and related industries. And yet, in Australia we are using anti-dumping measures for the same flawed reasons, achieving the same negative … Continue reading

Posted in Economics and economy, Guest Post | 16 Comments

Leland Yeager 1924 – 2018

A bit late with the news that Leland Yeager passed away a couple of days ago. Obituaries by Tyler Cowen, David Gordon, David Henderson, and  Alex Tabarrok. If you have an interest in monetary economics his collection in The Fluttering Veil: Essays on … Continue reading

Posted in Economics and economy | 1 Comment

Public spending lowers economic growth

Another article for all you Keynesians out there: More Government Spending = Weaker Economic Performance. And the article comes with many other charts and notes this as well: The OECD admitted in one study that “a reduction in the size of the … Continue reading

Posted in Economics and economy | 17 Comments

The ongoing scandal of modern economic theory

Here’s the sub-head: Economists show increased research efforts are yielding decreasing returns. And if they mean negative returns, then I am with them all the way. Economic theory is at a lower level of competence today than in the 1850s. … Continue reading

Posted in Economics and economy | 4 Comments