ricardian ambivalence

RBA ‘thesis snaps

Another quarter of weak consumption and a decline of the ABS measure of job vacancies challenges the RBA’s conclusion that there’s no wealth effect form housing & their reliance on the lagging ABS measure of labour demand.

Five points on the income tax cut debate

Taxes have been growing more quickly than income — so the tax share of the average person’s income has gone up sharply. In this post I lay out the facts about the income tax debate. It’s most about returning bracket creep, and stabilising the tax share of GDP.