Category Archives: Economics on the left

Opportunity Knocks: Anthony Albanese Apes Joe Biden

 And that can’t be good                                                                                                                         A “once in a lifetime opportunity” is how long-sidelined Labor leader Anthony Albanese will today characterise the political hysteria ruining millions of Australian lives and the virus at its root that has so far killed … Continue reading

Posted in COVID-19, Economics on the left, Federal Politics | 33 Comments

Lucky country no more

This sort of thing is always news to politicians, most of the community and to almost all economists: The Economy Doesn’t Need Government ‘Help’ To Reopen. Governments don’t create economies. It’s not only beyond their legitimate functions, it’s beyond their … Continue reading

Posted in Economics and economy, Economics on the left | 51 Comments

Shovel ready projects … again

Historically governments make an effort to create new shovel-ready projects to stimulate an economy after a crisis. You know … knock down perfectly good school halls and then rebuild them.  Set fire to people’s houses … That is so 2009. … Continue reading

Posted in COVID-19, Economics on the left, Oppressive government | 20 Comments

“No permanent additional employment can be created by State expenditure”

A review of the following book was put up on the Societies for the History of Economics online discussion thread: Robert W. Dimand and Harald Hagemann, editors, The Elgar Companion to John Maynard Keynes. Cheltenham, UK: Edward Elgar, 2019. xxi … Continue reading

Posted in Classical Economics, Economics on the left | 5 Comments

Bernie Morrison

Ban on $10,000 cash purchases set to become law despite concerns. Laughing Liberals will jail people who spend their own money A controversial bill to ban cash payments over $10,000 and impose two-year jail sentences on those caught using cash … Continue reading

Posted in Economics on the left, property rights | 37 Comments

Hoodlum turf war: cig ‘criminals’ muscle in on state’s racket

LIBERAL MP Craig Kelly is chairing a parliamentary inquiry into illicit tobacco sales. Fairfax reports that Kelly is dismayed by an “unintended” corollary of the ever-escalating excise which addicted governments need as a revenue stream (and promote falsely as a … Continue reading

Posted in Economics on the left, Taxation | 25 Comments

Take a bungalow and call me in the morning

California governor: ‘Doctors should be able to write prescriptions for housing.’

Posted in American politics, Economics on the left | 7 Comments

Is it really that hard to understand that unproductive public spending lowers productivity?

Is there anyone anywhere who actually believes that the present recovery in the US has anything to do with Obama? Actually there are lots of people just as ignorant as that, amongst whom is Obama himself. I get the same … Continue reading

Posted in Classical Economics, Economics and economy, Economics on the left | 22 Comments

All forms of Keynesian theory are nonsense but the Milton Keynesians may be the worst

So earnest, so learned, so stupid. A different kind of Keynesian. That she tries to make the point that living standards have not risen for we normal citizens since incomes have not risen along with rising productivity represents a kind … Continue reading

Posted in American politics, Economics on the left | 31 Comments

Paul Krugman and the strawman economy

Got sent the following from Quora yesterday at the same time that Judy put up her own post on Paul Krugman: Paul Krugman, Nobel Laureate economist, NYT op-ed columnist, & author, answered 44 questions. Here are a few, but let … Continue reading

Posted in Economics and economy, Economics on the left | 10 Comments