Category Archives: Economics on the left

Biden: “Milton Friedman isn’t running the show anymore”

Inflation: hold my soon-to-be fifty dollar beer… “Milton Friedman’s Revenge” — Sean Hackbarth (@seanhackbarth) May 7, 2021

Posted in Economics and economy, Economics on the left | Leave a comment

Worse than he was before…

              Karl Rove in the WSJ: Joe Biden Is the Six Trillion Dollar Man. All this largess requires confiscatory tax increases that would punish savings by raising capital-gains tax rates, devastate small businesses that pass profits through to their owners by … Continue reading

Posted in American politics, Budget, Economics on the left | 22 Comments

I’m a doctor and my advice is don’t come back

From: Asked whether April 26 was a realistic return date for the Premier, Mr Merlino said his doctors were yet to make an assessment. “Dan will be back based on doctor’s advice,” he said. Of course, my doctorate is in … Continue reading

Posted in Economics on the left, Politics of the Left | 21 Comments

Keynesian malpractice started early

I don’t normally wish to speak ill of the dead, but with John Maynard Keynes I will make an exception. What has brought it to mind is this article today in The Australian: Investors could learn from economist John Maynard … Continue reading

Posted in Economics and economy, Economics on the left | 13 Comments

Working versus voting for a living

This is from the NYT and is for a change exactly right: Biden Is the Big Spender America Wants with the sub-heading even more exactly right: “His economic plans are overwhelmingly popular”. The issue is whether people should work for … Continue reading

Posted in Classical Economics, Economics on the left | 7 Comments

The economic consequences of Covid

Voters on the left are only slightly more stupid than the people they vote for. Ten months of lockdown and look what happens: World witnessing greatest rise in inequality on record… Billionaires thriving as poor suffer… Sharpest Rise in Poverty Rate … Continue reading

Posted in Economics on the left | 39 Comments

What is wrong with these sentences?

Preventing power blackouts is becoming more difficult as cheaper but weather-dependent renewable power increasingly replaces coal power generation, endangering the security of supply in the national electricity market. The rise of renewables is forcing the Australian Energy Market Operator to intervene … Continue reading

Posted in Economics on the left, Electric Power and Energy | 35 Comments

Just how much ruin is there in the United States?

To appreciate just how idiotic those who oppose Donald Trump are we have this that has just been sent to me: Learn to Stop Worrying and Love Debt. It’s by no less an authority than Paul Krugman who notoriously when … Continue reading

Posted in American politics, Economics on the left | 26 Comments

In the hands of thieves and loonies

Economic ignorance beyond the superhuman. These people are certifiably insane but we elected them. You just have to see the numbers: Victoria’s budget John Cain/Joan Kirner to a new dimension. Victoria’s debt bill will skyrocket to $154.8bn over the next … Continue reading

Posted in Economics on the left, State Politics | 65 Comments

The Australian and the LNP think the state “shouts” us things

The “free” lunch is finally here: NSW budget: state to shout you lunch, pay for the movies.

Posted in Economics on the left, Socialism | 13 Comments