Category Archives: Economics and economy

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

Jobs in the USA

A nuanced examination by our Dan in DC. As usual nothing is as simple as you would like it to be. Commenting on a talk about rethinking the unemployment rate: As far as I’m concerned, the key factoid is near … Continue reading

Posted in Economics and economy, Rafe, Socialism | 15 Comments

The difference between Keynesian and classical economics

Posted a few days back on Quora in answer to the question: What is the difference between Keynesian and classical economics? There are 13 other replies which not much more than prove to me that no one without a truly … Continue reading

Posted in Classical Economics, Economics and economy | 9 Comments

JS Mill, rent, and taxation

I found this comment in The Australian by Adam Creighton: It’s extraordinary how some of the finer distinctions of yesteryear have seeped almost entirely out of modern economic theory, which might explain some of the broader public’s frustration. In the … Continue reading

Posted in Economics and economy, Taxation | 15 Comments