Monthly Archives: June 2021

Qld Treasurer gives a master class in budget shenanigans

Queensland Treasurer Cameron Dick has soared to previously unattained heights of state budget creative accounting, and I must admit I’m rather impressed by the cleverness of it all, while at the same time being appalled the Treasury would let him … Continue reading

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Qld Gov’t to waste $53M attracting temporary film industry activity

After the Queensland Government was willing to spend $8 million to attract a one-night State of Origin game to Townsville last week, it’s unsurprising it will be willing to spend $53 million attracting film productions providing only temporary economic activity … Continue reading

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Cash-strapped Qld Gov’t to charge interstate migrants

Once upon a time, the Queensland Government tried to attract people from interstate by cutting taxes and charges. For instance, Sir Joh famously abolished death duties in the seventies. But times have changed. Now we have a cash-strapped state government … Continue reading

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The downside of Australia’s isolation strategy

To political leaders, it often seems easier and less risky to stick with current restrictions, and a lesson from history is that government restrictions often last much longer than is justifiable. Hence, four years after the end of the War, … Continue reading

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Coal comeback good news for Qld economy

Last week saw a surge in coal prices due to global demand and supply factors (some of which are likely only temporary), as discussed in a nice piece by Bloomberg journalists reprinted by the Brisbane Times It’s not over for … Continue reading

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Lockdown CBA podcast discussion with Prof. Douglas Allen of Simon Fraser University

If you’ve seen any of Alan Jones’s recent commentary on Sky Australia you may have heard him talk about a recent cost-benefit analysis (CBA) of Canada’s COVID lockdown. Episode 90 of my Economics Explored podcast features a discussion regarding COVID lockdown costs versus … Continue reading

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Does nuclear energy have a future in Australia?

In my Economics Explored episode on decarbonisation, I quoted Bill Gates from his latest book regarding the one-sentence case for nuclear energy: …it’s the only carbon-free energy source that can reliably deliver power day and night, through every season, almost … Continue reading

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Qld economy’s growth rate reduced by business CAPEX fall

Queensland had the second lowest rate of State Final Demand (SFD) growth in the first quarter of 2021, according to the March quarter National Accounts published by the ABS yesterday. Queensland’s SFD grew at 0.4% compared with a national average … Continue reading

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Housing approvals at record high nationwide, but Qld’s historic high was in mid-1990s

Soaring property prices and surging building approvals highlight a residential property market super-charged by record-low interest rates, returning expatriates, and a Fear Of Missing Out (FOMO). CoreLogic has estimated property prices were up 2.2% nationwide in May and up 2.0% … Continue reading

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QCA warned against bidding wars (e.g. on Origin games) back in 2015

As a Townsvillian by birth, I am happy that Townsville will host the first 2021 State of Origin game, but I’m also appalled that Queensland taxpayers have to pay (reportedly) up to $8 million to the NRL so Townsville can … Continue reading

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