News
Friday Fodder (32/24)
Price gouging is (almost) always good; the EU's tariffs could have been worse; culture beats policy when it comes to fertility; time for fiscal responsibility; and the reality of industrial policy.
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Deep Dives
False prophets, forward guidance, and failed lessons
The RBA's conflicting statements on uncertainty and accountability expose a dangerous pattern of misguided forward guidance and unlearned lessons, threatening its credibility and effectiveness in controlling inflation.
Deep Dives
Kamala's policy-pocalypse
Kamala Harris' recent policy proposals are equivalent to the four horsemen of a policy-pocalypse: nothing but misguided attempts to address economic issues that will fail to achieve their stated goals, leading to unintended consequences.
News
Friday Fodder (31/24)
Albo would fail Econ 101; are we in another iron ore winter; what does Raygun have in common with the RBA; Australia's employment recession; could you be an Olympian; China's economic crisis; and how you're able to drink milk.
Deep Dives
Making Australia Great Again
One subsidy at a time.
Deep Dives
Jim Chalmers' Nixon moment
As the Australian government attempts to manipulate inflation metrics through targeted spending, the RBA finds itself in a balancing act between economic stability and political pressure, echoing historical tensions between Nixon and the Fed.
News
Friday Fodder (30/24)
Working from home is good for (almost) everyone; QLD Inc wants to operate its service stations, at great cost; lawyers don't make good economists, Google edition; how nations escape poverty; why we should welcome cheap toasters; and the Romans really loved roads.
Deep Dives
Bad news is bad news again
A closer look at the recent market rout reveals underlying concerns about Australia's economy, and that the RBA's next moves will be as crucial as ever.
Deep Dives
Russia's Black Death
Russia's booming consumer spending will eventually crash back down to earth, following a historical pattern seen in times of war and disaster, including the 14th century's Black Death.
News
Friday Fodder (29/24)
Rex Airlines' owners should take a haircut; the limits to synthetic AI data; California versus AI; how a cybersecurity firm took out the world's computers; and Paris is showing that it's time to dial back the Olympics.
Deep Dives
Good intentions aren't enough
To ease the rental crisis and prevent it from happening again, governments should provide targeted assistance while focusing on increasing housing supply through planning reforms, rather than implementing well-intentioned but counterproductive policies like no-fault eviction bans.
Deep Dives
The high cost of Xi's vision for China
Xi Jinping's state-led economic vision is crippling China's growth potential, fuelling overcapacity and wasting trillions of dollars, with far-reaching consequences for China, Australia and the world.