Category Archives: Economics and economy

Tax reform in Hungary

Recently in Hungary my host told me that business was surging on the back of a 50% reduction in their VAT. It seems that is not the only thing good thing about tax in Hungary. Since 2011, the Hungarian Government … Continue reading

Posted in Economics and economy, Rafe | 27 Comments

What they said: Interchange fees

The interchange fee exists to rebalance the relationships within the two-sided market. In a competitive market for financial services, the interchange fee would be used to reduce the net consumer fee for credit cards.  Sinclair Davidson and Jason Potts But two-sided transaction … Continue reading

Posted in Economics and economy | 2 Comments

It is possible that economics could once again become useful

The entrepreneur is the missing ingredient in economics about which I have written. What cannot be linked is the paper I did on “The Absence of the Entrepreneur in the Economic Theories of the English-Speaking World”. What there is a … Continue reading

Posted in Economics and economy, History | 13 Comments

Anti-capitalist millennials

Tom Switzer and Charles Jacobs have a somewhat depressing op-ed in The Australian this morning: According to a Centre for Independent Studies/YouGov poll, 58 per cent of Australian millennials — those born between 1980 and 1996 — have a favourable … Continue reading

Posted in Economics and economy, Education, Market Economy | 67 Comments

Who’s the real free trader around here?

From America: A Prisoner of Our ‘Allies’. Hits the nail right on the head over tariffs, and much else beside. The political class is screaming bloody murder over Trump’s performance at the G-7 meeting in Canada, where he reportedly spent … Continue reading

Posted in American politics, Economics and economy, International | 69 Comments

Globalisation and Chocolate


Posted in Economics and economy | 20 Comments

Monopolists restrict supply

I’m shocked. Shocked. NBN Co was considering introducing a policy of “fair use” for fixed wireless, Morrow said, so heavy users could be throttled back to the same usage as everyone else during busy periods. “In the fixed wireless there’s … Continue reading

Posted in Economics and economy, Oppressive government | 20 Comments

Supply-side economics in real time

The American economy is bursting bounds almost previously unknown. From Instapundit where a discussion of the supply-side foundation for this transformation is found. THOSE JOBS NUMBERS LOOK EVEN BETTER: The Washington Post grudgingly admits one amazing thing about today’s excellent jobs … Continue reading

Posted in Economics and economy | 64 Comments

Australia geoblocked

Thank you Scott Morrison! As many Amazon customers have been notified and the SMH is now reporting: Australians will be blocked from shopping on Amazon’s international websites and restricted to using its smaller local platform so the e-commerce giant complies … Continue reading

Posted in Cultural Issues, Economics and economy | 125 Comments

The wages of waste

Personally, I care not at all about the headline issue: At $528,000 a year, Turnbull’s pay is highest of any leader in OECD. PDT is not taking any salary at all so the price mechanism doesn’t always reflect relative value … Continue reading

Posted in Economics and economy, Federal Politics | 35 Comments