Too much easy money at the federal level leads to wasteful spending. Too little money at the state level leads to excessive reliance on inefficient taxes.
This proposal seems focused on making the product cheaper to produce rather than on improving educational quality.
Political elites have much to fear from the ‘little-people’ talking among themselves. It is perfectly understandable that the government would hate uncontrolled conversation.
If the royal commission treats antisemitism as a content moderation problem, it will fail to overcome the much deeper social failure antisemitism represents.
Why should students incur huge debts to undertake a leisurely three-year (or more) degree when a machine can be prompted?
Consulting is not about to disappear, and the demand for judgment under uncertainty will not change. What is changing is how that judgment will be priced.
The three theories of value – activity, intellectual property, infrastructure – that the government could use to determine taxation must be closely examined.
The United States has realised that leasing military access from Denmark is an incomplete contract fraught with intolerable transaction costs.
The technology is ready. The problem is our workplace relations framework requires prior permission to use artificial intelligence.
When non-profit organisations are managed as if they were for-profit firms, problems emerge. Economists have long warned of this.
Australia will miss the productivity gains from artificial intelligence unless we fix the laws that stop firms from reorganising how work gets done.
Corporate tax should be predictable, transparent and stable. The cash-flow tax, for all its theoretical elegance, offers none of these.
Many students now lack the general knowledge, or even specific knowledge, to know when the AI tools are hallucinating.
Donald Trump thinks we’ve been subsidising our lifestyles at the expense of his constituents. He is not entirely wrong and doesn’t care that he is slightly wrong.
The launch of $Trump is a clear signal that the president is serious about leaning into American exceptionalism and driving that innovation on cryptocurrencies.
As we saw when tobacco advertising was banned, elite sports had little difficulty is attracting new sponsors, but non-elite ones will struggle.
The bottom line is that there are sound public choice arguments for the government to build and own nuclear power plants.
If Anthony Albanese wants to do something about the cost of living, he could start by looking inside his own house first.
A report that recommended profound changes lacked any evidence to show it was not a set of solutions in search of a problem.
The populist pile-on against Philip Lowe should really be directed at Canberra. We are now paying the inflation and interest rate price of the borrowing and spending through the pandemic.
