I liked the article (unfortunately paywalled) by Jacob Greber in the AFR today on the proposed income tax hike. The motivation is to avoid a decade of widening fiscal deficits. The government promised no new taxes but promised also not to spend less on pensions, education, health and defence while, at the same time, reducing […]
Economics has a best seller. Thomas Piketty’s, “Capital in the 21st Century”. I couldn’t get a copy locally (the book is not available even at Amazon.com such is the demand) but have read a few reviews and watched a video where Piketty presents his ideas that are then analyzed by Paul Krugman, Joseph Stiglitz and […]
Malcolm Fraser argues that Australia should pursue an independent foreign policy so that it does not get dragged into unwanted wars between, for example, China and Japan. I found this discussion (with Robert Manne) fascinating. US military installations at Pine Gap and in Darwin are portrayed as a chain around our neck. ANZUS ineffective. And […]
Nearly 1/5th of Chinese agricultural land is toxic. Forget about measured economic growth targets – this is a madness.
Non-academics Andrew Norton and David Kemp recommend privatisation of the university system with subsidies paid to private as well as government suppliers. Universities don’t only supply private goods so I am unclear of the motivation here though libertarian thrill seekers will get a jolt of blood through their arteries when they read this proposal. Of […]
The meaning of an employment redundancy is, I assume, that a position is either no longer required or if an employer is bankrupt. I’ll ignore the second possible reason for “redundancy”.
I assume that a “redundancy” does not arise if a worker on a high salary is replaced by one on a lower salary and […]