"Everything government touches turns to crap".
There really is something in this for all of us.
The Wild West ... the outback ... The new world of the 1800s was a time of true liberty. People stood on their own merits. They won or they lost and they reaped the rewards or swallowed the consequences. There were no cubicle dwelling civil servants hell bent on saving you from yourself. No planning permits no licenses no permissions no heritage overlay no bylaw no regulators no inspectors. And guess what ... it worked
This site is set up to provide a forum for a number of like minded professional economists to post and comment on contemporary issues. There are a number of regular contributors whose bios are made available on the site. Most if not all of these contributors use a pseudonym for the simple reason that they are practicing economists who must take into consideration the commercial implications of posting their opinions.
While some may feel that this is a bit of a gutless approach it is the only way we can ensure free and open discussion without jeopardising our paycheques.
Roy is a Virgo and a professional economist. He has worked for government at both the state and commonwealth levels (including time in a microeconomic think tank). His primary fields of interest are economic regulation (especially as it applies to infrastructure industries) and public choice theory. Economic influences include Friedman, Hayek, Buchanan and Fogel.
Lone is a Sagittarius who has been practicing economics for over 15 years. He has worked both within
Doc Holliday is a senior economist in a prominent think tank. He is a Gemini with a penchant for open necked short sleeve casual shirts. Doc has over 20 years experience in economics. His passions include health, infrastructure and education. His influences are Schelling, Bughwati and Stigler. Doc likes swimming and hanging out at the gym.
Al is a Leo and has been a practicing economist both in Aus and overseas for over 15 years. Al has worked for all levels of government and his particular passions include the taxi industry, transport related infrastructure and gambling. His influences include Arrow, Hart and Becker. Al is a non smoker and likes hanging out at obscure gigs.
Buffalo is a seasoned economist. He is a Taurus who likes to wear his polo shirts with the collar up. He has had a stellar career advising some of the Commonwealths most senior Ministers (not the current mob). His economic passions include taxation and funding models and financial regulation. His economic influences are Friedman, Rothbard and Buchanan
To get rid of a disagreeable superiority in some master’s peregrinations had accustomed me. In an honest service there is thin commons, low wages and hard labour; in this, plenty and society, pleasure and ease, liberty and power; and who would not balance creditor on this side when all the hazard that is run for it, at worst, is only a sour look or two at choking. No a merry life and a short one shall be my motto. Bartholomew Roberts.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. F.A.Hayek, The Fatal Conceit
My great hope is that the bounce back will be quick before the quack medicine can be said to have worked. John H. Cochrane
Everything government touches turns to crap Ringo Starr
I do not pretend to develop here a theory which is universally valid, but it may at least have some galactic relevance. Paul Krugman
If, therefore, I were an Australian economist advising Mr Lyons, I should be decidedly moderate in my ideas. I should recommend him to ride his difficult suffering steed with as light a rein as he dare. I should not press for heroic measures. John Maynard Keynes regarding
“… a good mathematical theorem dealing with economic hypotheses was very unlikely to be good economics: and I went more and more on the rules –(1) Use mathematics as a shorthand language, rather than an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life. (5) Burn the mathematics. (6) If you can’t succeed in (4), burn (3). This last I did often.” Alfred Marshall
Pork is as inseparable from government spending as it is from ham sandwiches. Russell Roberts
The nine most terrifying words in the English language are, 'I’m from the government and I’m here to help.' Ronald Regan
Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone. Frédéric Bastiat
I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money. Thomas Sowell
Gentlemen, a depression is for capitalism like a good, cold douche. Joseph Schumpeter