Latest posts.

Canada might be getting a sovereign wealth fund. Whether Canadians ever get any wealth out of it is a different question.

The Strait of Hormuz delivered the price shock. Whether it becomes inflation is up to Canberra and Martin Place.

Comparing Australia's gas tax to Norway's is a masterclass in false equivalence that ignores physical and economic reality.

Australia has been burning its fiscal buffers in the good times, leaving it with little in the tank for the next real crisis.

How Canberra's response to the first is making the second worse.

Australia's $12.3 trillion housing stock isn't a pool of misallocated capital, but a mark-to-market valuation of a policy-induced supply constraint.

Argentina under Milei is a case study in how easily economists' politics can override the lessons of their own discipline.

Trump chickened out, markets rallied, and global consumers are left footing the bill for a new toll in the Strait of Hormuz.

If you wanted to ease pressure on fuel prices, free public transport would be near the bottom of the list.

Albanese is framing a foundational principle of prosperity as a policy failure because it makes a convenient origin story for the intervention he already wanted.