Latest posts.
Essays and analysis without the noise. Markets, economics, and what's actually beneath the headlines.
Caveat emptor
18 June 2026Pauline's big day, Hormuz is open (or is it?), and the biggest meme stock of all-time.
A nation divided
12 June 2026The rise of One Nation, Oil and the Strait of Hormuz, and the SpaceX IPO.
Treasury's imaginary gift
10 June 2026Indexing for inflation isn't a concession, and deferring tax until you sell isn't a loan.
Is Australia a high-taxing nation?
8 June 2026No, but tax-to-GDP is a highly misleading measure of the true tax burden.
When is a recession a recession?
5 June 2026Canada's technical recession, Australia's non-technical recession, and the worst public policy error in recent history.
Killing with kindness
3 June 2026The minimum wage increases that are a boon for some may eventually lead to lost jobs for others.
There will be no AI jobpocalypse
1 June 2026The economy's built-in roadblocks are bad news for anyone expecting an AI productivity miracle or an employment bloodbath.
Efficiency or revenue?
29 May 2026Treasury defends the tax hikes; Australia's economy might be slowing down; and Budget fun across the ditch.
It's not about the water
28 May 2026The arguments against data centres are a classic Gish Gallop designed to rile up emotions and obstruct investment.
A tax on capital is a tax on wages
25 May 2026Australia's capital per worker hasn't grown in a decade, yet Labor's response is to tax it harder.