Economics

Great news for Tony Abbott: Liberals’ economic credibility trashed

The Newspoll before the election has great news for Tony Abbott: the Liberals’ lead in polling on the economy has been trashed by Abbott’s economic innumeracy. For the last three weeks, Tony Abbott has refused to accept a debate with Julia Gillard on the economy (or any other issue). Labor has responded by running ads…

The Robin Hood Tax

I’ve just been reading Bows against the Barons, by Geoffrey Trease, which has a pre-socialist Robin Hood leads the Merry Men and the townsfolk of Nottingham into a revolt against the lords of Britain. Now, I’ve finally gotten around to looking up this Robin Hood tax idea that is gaining traction in the UK. Basically,…

Labor must assert its economic credentials

The recent spate of reporting of polls demonstrates that Labor must continue to assert its strong nation building narrative and economic credentials. Labor and Kevin Rudd correctly judged the public’s mood by decrying the excesses of extreme capitalism and neoliberalism, and forging a renewed social-democratic path. Despite the baying of the press gallery and conservative…

Willful ignorance or straw man

Alex Robson from Concept Economics has not bothered to read the Australia Institute paper into the CPRS emissions floor (pdf link). Amazingly, his uninformed and un-researched tirade against environmentalists was published in The Australian today. Mr Robson writes: Clearly, if the number of permits in circulation could never fall, then the Australia Institute view would…