Mark Hornshaw is my guest this evening. He's a lecturer in Economics & Entrepeneurship who has to undo all the damage done to first year uni' students in this field, and one of the contributers to the LibDem's "Freedom Manifesto", as well as their candidate for...
Australian budget rushing toward hyperinflation
"Not worth a continental" Modern history teaches us that astrology and astronomy were, until relatively recent times, treated together (Ancient: mazzeroth, Latin: astrologia) and were only gradually separated in Western 17th Century philosophy, during which astrology...
The Ghost of Christmas Future
In Dickens’ most famous morality tale, the ghost of Christmas future is used to warn Scrooge of the ultimate consequences of not learning from his twisted and broken past. Those of Dickens’ tales set in Victorian London (including Oliver Twist and Great Expectations)...
Labor MP’s embarrassing math fail
THE federal budget’s failure to fund adult remedial math will severely hurt the future prospects of Labor MP Joanne Ryan. Ms Ryan, who was a school principal before entering Parliament, could do with some maths tutoring after last night tweeting her outrage at the...
Is Australia heading towards a “Minsky moment”?
Hyman Minsky, if he were still alive, would have some interesting observations about Australia in 2020. The late American economist, whose theories experienced a revival following the GFC, was considered post-Keynesian and was critical of much of the deregulation of...
Why is gold skyrocketing? Follow the money printing!
Even those in the non-financial media have noticed the skyrocketing price of gold this year. Some partially identify, but don’t quite understand, some of the many (and more measurable) intermediary effects in the chain of causation such as a “weakened US dollar” and...
ABC economist/comedian promises something for nothing
“Aunty” gave Modern Monetary Theory (MMT) the 'comedy treatment' on July 22nd in episode 13 of The Weekly with Charlie Pickering. Well, more treatment than comedy. The ‘treatment’ was to try to showcase, as per standard practice for the ABC, how clever and correct...
Data reveals conservatives are ending extreme poverty
Data from 189 economies shows that increasing business creation has a correlating decrease in the levels of poverty in each nation. Responsibility & liberty is what actually lifts citizens out of extreme poverty.
Socialist Senator Sanders receives an economics education
Employees working for Senator Bernie Sanders have been complaining they’re not being paid what he insists the government should make every other employer pay as a mandatory minimum.
Green is the colour of envy, not good economic policy
The cleaner is not “exploited” if the executive doesn’t pay even more tax. He’s completely and entirely unaffected.
Ontario “Helps” Workers and Kills 60,000 Jobs
Government raises minimum wages by more than 20% – “We won’t be able to hire the same number of students next year — we normally hire eight or more; this year we are thinking maybe two.”
What is a “fair” tax rate for poor people, rich people, and companies?
And now for a break from the marriage debate, let’s talk TAX! Getting less of the reward as you put in more effort means most people will put in less effort. So what’s “fair”?
#018: Superannuation Policy Simplified
Michael Lorimer explains and simplifies superannuation, and where the last two “conservative” budgets have betrayed all Australians with silly and unnecessary complexities only recently removed. Michael has extensive involvement in the development of superannuation legislation and policy..