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My latest in Inside Story Fears about the impact of increasing longevity haven’t aged well John Quiggin 4 September 2023 1690 words Wrong assumption: treasurer Jim Chalmers launching this year’s Intergenerational Report at the National Press Club of Australia last month. Lukas Coch/AAP Image Share “It is difficult to make predictions, especially about the future.” This aphorism, apparently of Danish origin and sometimes attributed to the physicist Niels Bohr,...

In 2016, we had the Clinton v trump election. And trump won via three states swinging to the Repub vot via the anybody but trump or Clinton. There is not argument here and I have presented the data several times. Disney characters, other nonliving entities, pets, and other characters were voted for in the national election. The vote for “others” went up 4-6 times in 2016 as opposed to 2012 and dropping again in 2020. The three states in which this...

The Courier-Mail (no link) is running a #Brisbane airport propaganda line that a curfew would disrupt flights for a million people a year (8 flights per night*pax/flight*365). Using the same basis of calculation, and assuming 500k people under the flight path, they are disturbing about 100 million people a year. #auspol #greens #auspol Share this:Like this:Like Loading...

from Dean Baker As everyone learns in Econ 101, and immediately forgets, the purpose of the financial sector is to facilitate transactions and allocate capital. This seems like a simple and obvious point, but you would never know it in most discussions of the financial sector. The point here is that we need finance for these purposes. We don’t need finance to develop elaborate betting games and complex financial instruments. Financial instruments are only useful when they serve the...

I wrote this for the Guardian last week, Events have already moved on, with the snap resignation of Qantas CEO Alan Joyce, but the anomalous status of a “national flag carrier” with no interest in the welfare of the nation remains unresolved. Share this:Like this:Like Loading...

from Lars Syll You ask me what all idiosyncrasy is in philosophers? … For instance their lack of the historical sense, their hatred even of the idea of Becoming, their Egyptianism. They imagine that they do honour to a thing by divorcing it from history sub specie æterni—when they make a mummy of it. Friedrich Nietzsche Nowadays there is almost no place whatsoever in economics education for courses in the history of economic thought and economic methodology. This is deeply worrying....

We can talk about a higher rate of GST in Australia, but it will never happen My latest in The Conversation #auspol Share this:Like this:Like Loading...

from Jason Hickel and RWER As the climate crisis worsens and the carbon budgets set out by the Paris Agreement shrink, climate scientists and ecologists have increasingly come to highlight economic growth as a matter of concern. Growth drives energy demand up and makes it significantly more difficult – and likely infeasible – for nations to transition to clean energy quickly enough to prevent potentially catastrophic levels of global warming. In recent years, IPCC scientists have argued...

My latest in The Conversation Share this:Like this:Like Loading...