Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
Economics in Two Lessons, Chapter 11
Thanks to everyone who commented on the first ten chapters of my book-in-progress, Economics in Two Lessons.
Here’s a draft of Chapter 11: Market failure: Information, uncertainty and financial markets
. Comments, criticism and praise are welcome.
Yet more on the generation game
Following my critique of generational cliches in the New York Times a while back, I was invited to talk to public radio program Innovation Hub. Here’s the link. If you couldn’t get past the NYT paywall, this gives a pretty good idea of my argument.
Percentiles (repost from 2011)
I’m reposting this piece from 2011, as a prebuttal of arguments like this. I give a bit more detail here.
One of the most striking successes of the Occupy Wall Street movement has been the “We are the 99 per cent” idea, and more specifically in the identification of the top 1 per cent as the primary source of economic problems.
Sandpit
A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.
Monday Message Board
I’m back again with another Monday Message Board. Post comments on any topic. I’d be interested in suggestions for the blog, both in terms of substantive topics that readers might like me to discuss and in terms of layout, features and so on, now that I am managing all that for myself.
Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
Migration
Hi everyone. As you can see, there have been a few changes. For many years, Jacques Chester has kindly hosted this site and other Australian blogs. He’s had to move on, and the site has been migrated to WordPress.com. In the process, the theme has been lost and some recent comments may also have gone.
At the same time, I’ve had a lot of commitments that have slowed me down. I’ll be restoring as much as I can over the next week or so, and trying to resume normal posting.
Mostly, I’d like to thank Jacques for the massive effort he’s put in to supporting this and other blogs.
L-A-W
I’ve stopped doing instant reactions on Budgets. There’s always plenty available now, at places like Inside Story, as well as in the newspapers.
But there’s often something of interest that gets overlooked a bit. In this case, it’s the government’s proposal to legislate tax cuts for the rich seven years in advance. This is an idea with a lengthy and inglorious history, taken to a new extreme.
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The High Court: an agent of foreign influence
In a comment posted yesterday, I said
I suppose this should be obvious, but the HC decision actually creates a perfect opportunity to generate divided loyalties where none previously existed. Suppose you want to run for Parliament but your parent came here as a 3-year old from some other country. A government official explains that the process of losing citizenship normally takes years, but for special friends of the country, it can be rushed through in time to nominate. After you have been elected, an issue arises where friends of the country concerned have an opportunity to do a favour. The logic is pretty clear.
Just a day later, we have the Oz reporting almost exactly this allegation against Labor MP Anne Aly. I have no idea of the validity or otherwise of the claim, but obviously it’s one that can now be made against anyone who has fallen afoul of the Court’s absurd rulings by having an overseas born parent, but who has been lucky enough to get expeditious treatment from the foreign government concerned.
But, just as Trump’s supporters have swallowed worse and worse things from him, I’m sure the fans of the High Court’s black letter approach to the Constitution will convince themselves that it’s all to the good that foreign governments are now in a position to interfere in our elections. That’s one of the notable things about adopting a really bad idea: the rationalizations needed to defend it pave the way for worse ideas to come.
Economics in Two Lessons, Chapter 10
Thanks to everyone who commented on the first nine chapters of my book-in-progress, Economics in Two Lessons.
Here’s a draft of Chapter 10: Market failure -Externalities and pollution. Comments, criticism and praise are welcome.