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Tag Archives: Economics
National Broadband needlessness.
I’ve already unleashed a lot of emotive language on the National Broadband Network. Here’s why:
Baking the dough of debt into the bread of financial crisis.
Debt seems to be a necessary trigger condition for global economic disasters. Doesn’t matter if its private (subprime mortgages) or Government (Greek debt). But Japan shows debt is not a sufficient condition for a meltdown. (Government debt = nearly 200 percent … Continue reading
Posted in Uncategorized
Tagged debt, Economics, financial crisis, global financial crisis, Politics
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National Broadband Nuff-Nuffs
Now, I flipping LOVE the internet, so don’t get me wrong. But $43 billion for a national broadband network works out at $2000 for every Australian.
What is Net Neutrality?
Folks interested in the operation of the inter-wobble are probably aware of the concept of NET NEUTRALITY. For the rest of us, here is the gist: Internet Service Providers (ISPs) have the capacity to restrict their subscribers’ access to specific … Continue reading
Charter Cities – An Idea
Paul Romer has an idea people are calling crazy. He was a Stanford Economics Professor, but now he’s quit to pursue full time the idea of charter cities. Eh? Charter cities are based on the idea of charter schools. These … Continue reading
Myki Vs Free PT
At least 52 percent of ticket revenue goes to pay for the ticket system, not the actual PT system itself. This is ridiculous. PT should be free….
Let me tell you / how it will be / There’s one for you / nineteen for me …
Ooh-ooh I’m the taxman. Ken Henry is a dude from Taree. He likes wombats. He is also the head of the Treasury. The Treasurer asked him to do a big old review into what’s what in the tax system, and … Continue reading
Haiti and three kinds of development aid
Haiti was hit by an earthquake of magnitude 7.0 last week. The death toll estimate in this morning’s newspaper stands at 200,000. We can only hope that the estimate cycle is at its peak, and it will be revised down … Continue reading
Cheap property
People of my age tend not to own property. But, increasingly, they want to. Here’s what you get for a smigden under $800,000 in North Fitzroy: Here’s what you can get for a smidgen under $200,000 in Ballarat:
Flaky Myki
Even though the Metcard is probably the last functional vestige of the public transport system, it is to be severed. Its replacement is a malformed, grossly over-priced, hideous new appendage. Maybe I’m being a bit unfair. I don’t know if … Continue reading
# Bling-a-Ding-Ding #
Bling isn’t for everyone. The Atlantic reports that University of Chicago economists found that black families spent 25 % more on BMWs, finger-rings and Yves Saint Laurent than a white family of the same demographic. They tested this finding out … Continue reading
The price of anarchy / The magic of roundabouts
Anarchy comes with a price. Lawyers, economists and political scientists believe this. This is what drives the congresses and senates and cabinets and presidents to make laws.
Tit for Tat. Take that!
On the internet I found this video: http://www.huffingtonpost.com/2009/10/06/cab-vs-pedicab-road-rage_n_311303.html It lies at the centre of the circled wagons of pop culture. It was linked to from bikesnobnyc. It was filmed outside of Dave Letterman’s studio. And of course the Fox video … Continue reading
GDP?
GDP doesn’t make us happy. Economics denies the enjoyment we get from stuff that is free: sunsets, conversation, going for a walk. “Judging progress by GDP is like judging an orchestra by how loud it is.”
Krugman – what’s wrong with economics
I studied economics. Then I worked at Treasury. So I should know about economics. But instead I find it confusing. There are two types of things I find confusing, normally. One: things that are complicated. The other: things that don’t … Continue reading
Bargain!
Have you ever gone across town to get a bargain? Chances are you spent more on time and petrol than you saved. Have you ever wondered why?
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thefatcontroller
