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News
What if small businesses went on strike against Labor?
7+ hour, 41+ min ago (1190+ words) The trouble with Labor governments is that they live by Karl Marx’s maxim: ‘From each according to his ability, to each according to his needs.’ I need a 1979 Moto Guzzi Le Mans. I need to pay the rego and insurance…...
Why is the UK’s tax system so taxing?
6+ day, 3+ hour ago (454+ words) I noticed something very odd on my recent move to the UK from Australia. It wasn’t the heat wave. Or the revolving door of prime ministers. (We’re used to both.) Instead it was the massive, humming refrigerators located next to…...
Productivity is prosperity
2+ week, 5+ day ago (858+ words) Productivity and prosperity – these are two concepts intimately linked and yet wrongly separated thanks to the over-taxing demands of Treasury. Productivity is not about taxation. Taxation is a reward taken by the Treasury from productivity in the private sector. This…...
Chalmers’ war on capitalists
3+ week, 4+ day ago (343+ words) How many Australian businesses must fail before another generation of politicians learns one of the oldest lessons in economics? State-directed planning and political capital allocation is a path to poverty not prosperity. This is why sovereign risk matters, and it…...
Alan Greenspan and the slow death of independent central banking
3+ week, 5+ day ago (816+ words) The Spectator Australia Alan Greenspan and the slow death of independent central banking The passing, aged 100, of the former US Federal Reserve chairman Alan Greenspan, prompts thoughts about shifting tensions between politicians and central bankers. Greenspan’s 18-year Fed tenure spanned…...
The cost-of-living crisis is not over yet
1+ mon, 2+ day ago (403+ words) The Spectator Australia The cost-of-living crisis is not over yet Unsurprisingly, the Bank of England has voted to keep interest rates at 3.75 per cent. The Bank’s Monetary Policy Committee (MPC), which decides these things, split 7-2 in favour of the decision....
Rachel Reeves owes Britain’s supermarkets an apology
1+ mon, 4+ day ago (327+ words) The Chancellor will be breathing a sigh of relief this morning as inflation holds steady. Figures just released by the Office for National Statistics (ONS) show that CPI in May remained at 2.8 per cent – the same as in April. That…...
Britain’s high quarterly growth is an anomaly
1+ mon, 1+ week ago (236+ words) Is the economy not just resilient but flourishing in the wake of the Iran war? GDP in the three months ending April was 0.7 per cent higher than the preceding three months – the fifth reading where growth has accelerated, and the…...
Albanese’s regional Australia is being subsidised by $5 coffees
1+ mon, 2+ week ago (1329+ words) You don’t have to tell me that most politicians and policymakers are out of touch with small businesses in regional Australia. I know it for a fact. This week, Labor’s policies created a Catch-22 for the people who hold regional…...
The Panic of 1873 seems eerily familiar
1+ mon, 2+ week ago (705+ words) The Spectator Australia The Panic of 1873 seems eerily familiar Rapid technological change, real estate bubbles and a heavy reliance on debt helped precipitate the first Great Depression, with striking parallels to the situation today Hutchinson Heinemann, pp.352, 25 On 18 September 1873, the…...