economics

Government spending

20 May 2014

Before, during and after this month’s budget, Treasurer Joe Hockey sounded dire warnings about Australia’s “budget emergency”. Amidst this fear-mongering, it was a pleasant relief to come across a dissenting view. In a recent interview on 2SER Dr Stephanie Kelton (Department of Economics at the University of Missouri in Kansas City) argued that the government budget is very […]

16 comments Read the full article →

I’m with Felix

16 February 2014

FT blogger Felix Salmon and venture capitalist Ben Horowitz have very different views of the future of Bitcoin. Salmon is a skeptic, while Horowitz is a believer. A couple of weeks ago on Planet Money they agreed to test their differences with a wager. Rather than a simple bet on the value of Bitcoin, the bet centres […]

4 comments Read the full article →

Power to the people

5 December 2013

Regular Mule contributor, James Glover, returns to the blog today to share his reflections on solar power. I have been investigating solar power for years and finally bit the bullet and signed up for a system. A 4.5kW system cost me $8,500, after receiving the Government rebate (about $3,000). I’ve been meaning to write about […]

3 comments Read the full article →

The price of protectionism

24 August 2013

An  article in Friday’s Australian began Ford has blamed Kevin Rudd’s $1.8 billion fringe benefits tax overhaul for halting production, forcing at least 750 workers to be stood down in rolling stoppages that will further imperil Labor’s chances of retaining the nation’s most marginal seat. and goes on to report that the Federal Chamber of Automotive […]

6 comments Read the full article →

Bitcoin: what is it good for?

4 May 2013

Bitcoin has been a hot topic in the news over the last few weeks. The digital currency has its adherents. The Winklevoss twins, made famous by the movie Social Network after suing Mark Zuckerberg for allegedly stealing the concept of Facebook, now purportedly own millions of dollars worth of Bitcoins. It also has its detractors. […]

20 comments Read the full article →

NDIS and how many disabled people are there anyway?

3 May 2013

Regular guest writer, James Glover, returns to the Mule today to look at the figures behind the proposed NDIS. The National Disability Insurance Scheme (NDIS) is in the news again. A welcome development for people with disability and their carers and families…and friends and pretty much anyone else who cares about their fellow humans. It is […]

16 comments Read the full article →

Quandl

20 April 2013

I spend a lot of time trawling the internet for data, particularly economic and financial data. Yahoo Finance and Google Finance are handy for market data and “FRED”, the St. Louis Fed is an excellent, albeit US-centric, resource for a broad range of financial aggregates. While these sites make it very easy to automate data […]

1 comment Read the full article →

Wall of Liquidity

22 March 2013

Once again a misconception is gaining currency. There is increased talk of a build up of cash just waiting to be converted into equities or other assets. I wrote about this years ago in cash on the sidelines, but apparently the financial commentariat did not read the post, so it is time to revisit the […]

18 comments Read the full article →

Account Keeping

5 March 2013

I have been digging through some family archives and came across an old bank passbook belonging to my great grandfather, William Booth. He lived in Perthville in the central west of NSW. His account was with the Bank of New South Wales, Bathurst branch. Pasted inside the front cover is a statement of the account […]

10 comments Read the full article →

Prisoner of Speed

17 February 2013

A favourite podcast of mine is known in our household as “Danny’s podcast” in honour of the friend who first put me on to it. The podcast is better known as Radiolab and last week’s episode turned on the theme of Speed. After answering the question, what is the fastest sense, attention turned to high-frequency […]

15 comments Read the full article →