economics

Keynes on Economics

3 September 2010

I have always enjoyed the way John Maynard Keynes had with words. He was responsible for many a bon mot, such as “in the long run we are dead” (skewering the idea of long-run equilibrium in economics), “It is better to be roughly right than precisely wrong”, “Capitalism is the astounding belief that the most [...]

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Recognise this?

20 August 2010

Last night I was watching the Chaser’s Yes We Canberra (only a day late), and jumped out of my chair when I saw Craig Reucassel corner Tony Abbott to challenge him about his obsession with reducing Government debt. Have a look at this to see why! Here is the post referred to in the video. [...]

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Infrastructure Bonds

17 August 2010

With Australia’s Federal election looming, the opposition has today proudly announced a new policy to fund infrastructure without actually increasing Government debt! What are we to make of this? It’s hard to determine the details from a media announcement, but based on the text posted by Peter Martin on his blog, it would seem that [...]

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Labor’s National Broadband Network – Less than $10/month

11 August 2010

Our regular guest contributor James Glover (aka @zebra) returns today with a look at the numbers behind the National Broadband Network. He asks: do you think it would be value for money?

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RSPT RIP – Long Live the MRRT

2 July 2010

In the third in a series of guest posts on the subject of Australian mining tax, Zebra (James Glover) considers the changes to the proposed tax the new prime minister, Julia Gillard, has negotiated with miners.

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RSPT – A Fair Valuation Based on True Value of New and Existing Mines

12 June 2010

Guest author James Glover takes another look at the resources tax and concludes that the tax for existing mines should be lower.

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No move expected by the Reserve Bank

31 May 2010

Over recent months there have been a few informal polls on the Mule Stable on whether or not the Reserve Bank of Australia (RBA) would be moving interest rates. There will be another monthly policy decision tomorrow and this time I decided to make poll a bit more structured, courtesy of the PollDaddy website. If [...]

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Following one link too few…a mea culpa

28 May 2010

My last post, Are Australia’s banks about to collapse?, took Steve Keen to task for a presentation on the dire outlook for Australia’s property market and its banks. However, a commenter has pointed out that it was not Steve’s presentation! Moreover, the final slide of the presentation, which is in very poor taste, appears to [...]

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Are Australia’s banks about to collapse?

28 May 2010
Thumbnail of cracking bank

Steve Keen is predicting the worst for Australia’s property market. Some argue that this spells disaster for Australian banks. Are they really in trouble?

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Resource Super Profit Tax Everything Correctly Explained (R.S.P.T.E.C.E.)

25 May 2010

This guest post from Mule Stable regular Zebra (James Glover) delves into the details of the proposed Resources Super Profits Tax.

Among other things, James concludes that the RSPT will benefit small and marginal mining projects.

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