Scott Morrison fronted the Human Rights Commission into what is occurring to Children who are refugees in the detention centres they are forced to live in.
He apparently didn't like the detention centres being likened to prisons.
He wanted to know how the Christmas Island detention centre is like the Malabar prison.
Well for a start I have yet to read anywhere that a person asserting detention centres are like prisons are saying they are similar to maximum security centres.
Prisons go from Maximum security complexes to minimum security to prison farms to weekend detention centres.
Either Morrison knows this and is deliberately avoiding answering the question or he has no idea. It doesn't matter. He has no moral compass. The lack of freedom for children was the major reason why children were incurring the psychological problems they have.
And we should NEVER forget it was the ALP who started these refugee prisons!
Sunday, 24 August 2014
Thursday, 21 August 2014
Around the Traps 22/8/14
It is time for Around the Traps.
No cricket for three weeks so plenty of time to update on the weekend.
Aussie,Aussie,Aussie,Oy,Oy,Oy
Asia
Wonk
No cricket for three weeks so plenty of time to update on the weekend.
Aussie,Aussie,Aussie,Oy,Oy,Oy
- John Quiggin on the-case-for-fuel-efficiency-standards
- Ross Gittins on economists-should-learn-some-geography , stop-wasting-money-on-infrastructure , abbott-and-hockey-why-poor-people-dont-matter
- Mumble on from_nelson_to_watson , four_years_on
- Ad Astra on What-is-the-Hockey-budget-all-about
- Greg Jericho on joe-hockeys-fuel-gaffe-may-see-him-excised-from-big-policy-debates , stimulating-australia-why-lower-interest-rates-may-not-be-the-answer
- Andrew Elder on dont-blame-amanda-vanstone , a-modest-proposal-for-newscorp
- The Kouk on high-unemployment-ok-the-rba-thinks-so
- Peter Brent on whos-losing-their-base
- Bill Mitchell on RBA-spills-the-beans-on-the-government's-failed-fiscal-strategy
- Kevin Bonham on recent-victorian-and-queensland-polling
- Edward Lambert on effective-demands-sobering-effect-on-the-feds-punchbowl , closer-look-at-effective-demand-monetary-rule , updating-fed-funds-rate , 3-potentially-ominous-ideas-from-yellens-speech
- James Hamilton on reaching-for-yield , what-did-quantitative-easing-accomplish
- Brad De Long on over-at-equitable-growth-in-which-i-make-myself-very-confused-about-cyclical-recovery, naive-keynesianism-keep-believing-macroeconomic-idiocy-various-kinds-useful-graph-jackson-hole-weekend
- Kruggers on beyond-the-lies , core-success
- Calculated Risk on key-measures-show-low-inflation-in-july , a-few-comments-on-existing-home-sales
- Carola Binder on wage-inflation-and-price-inflation Thanks Mark
- Dave Altig on seeking-the-source
- Jared Bernstein on bivens-and-shierholz-turn-over-every-stone-to-assess-cyclical-vs-structural
- Robert Waldeman on monkey-cage-match Thanks Mark then Kruggers
- Simon Wren-Lewis on the-symmetry-test , uk-2015-2010-deja-vu-but-without-excuses
- Liam Delaney on should-scotland-be-an-independent-country
- Kruggers on the-euro-catastrophe
- Brad De Long on nighttime-must-read-matt-obrien-worse-1930s-europes-recession
- Joseph Joyce on european-doldrums
- Tony Yates on core-blimey-guvernor Thanks Mark
Asia
- Barkely Rosser on aspen-strategy-group-overstates-russias-problems
Wonk
- Dan Crawford on getting-peoples-attention-by-screaming
- Simon Wren-Lewis on why-central-banks-use-models-to-forecast , balanced-budget-fundamentalism , types-of-unemployment , draghi-at-jackson-hole
- Noah Smith on rbc-models-we-can-believe-in
- Antonio Fatas on irrational-exuberance-meets-secular-stagnation Thanks Mark
- Mark Thoma gives us Rajat Sethi on the-agent-based-method
- Edward Lambert on another-version-of-the-effective-demand-rule-monetary-rule -with-a-comment-on-secular-stagnationtml
- Kenneth Thomas on understanding-piketty-part-3
- Liam Delaney on behavioural-science-and-public-policy
- Gerry Jackson on recessions-investment-and-total-spending-an-austrian-perspective
- David Glasner on the-trouble-with-is-lm-and-its-successors
- Mark Thoma on three-conditions-must-be-satisfied-for-helicopter-money-always-to-boost-aggregate-demand
- Nick Rowe on land-vs-helicopters , second-best-monetary-policy-and-the-strategy-space
- Chris Dillow on heritability-inequality , optimum-deaths , women-mps-the-nature-of-politics
- Nick Gruen on free-marginal-cost-pricing-and-policy
- John Quiggin on climate-change-and-the-intellectual-decline-of-the-right , we-can-no-longer-assume-that-a-story-is-true-because-it-appears-in-the-paper
- Lord Keynes on liquidationism-and-early-1930s-germany
- John Quiggin on energy-storage-getting-real
- Bing Wan on chinas-actions-to-cut-carbon-emissions Thanks Mark
- Brave New Climate on an-open-letter-to-the-abc-about-catalysts-latest-fukushima-piece
- Rabette Run on delicate-flowers , as-ethon-points-out-this-has-been-very-bad-year-for Roger-Pielke
- The Science of Doom on latent-heat-and-parameterization
- Climate Science watch on press-groups-file-amici-curiae-brief-in-mann-v-steyn-defamation-lawsuit
- Ari Phillips on humans-glacier-melt-faster-study
- John Neilsen Gammon on what-is-business-as-usual
- Ross Gittins on many-reasons-for-impossible-power-demand-falling
- quick-disorganzed-tips-classroom-teaching
- stroopy-names
- field-fractal
- replication-wiki-economics
- recently-in-sister-blog-3
- many-mics-rip
- david-mimno-on-data-carpentry
- the-bracken-bower-prize
- risk-analysis-for-three-precious-metals
- the-econometrics-of-temporal-aggregation-111-unitroots
- innovation-the-romans-and-us , mission-impossibility , adventures-in-international-finance , guest-review-of-lean-in
- Nick Gruen on help-2
- Jim Rose on should-everyone-get-a-trophy-in-sports-or-just-the-winners
- Livio Di Matteo on physicians-and-workload-a-very-simple-international-comparisons
- growth-escalators-and-growth-convergence
- decline-in-labour-force-participation-us
- great-depression-recovery-role-capital-controls
- economic-fruits-of-patience
- corporate-governance-reform-japan
- economics-density-evidence-berlin-wall
- maternal-grief-and-child-outcomes
- nominal-gdp-targeting-developing-nations
- ballooning-finance
- how-can-we-measure-media-power
- pricing-and-ez-membership-evidence-latvia
- minority-mortgage-market-and-crisis-1
- firm-growth-and-large-jumps
- new-breed-global-investors-and-financial-stability
Tuesday, 19 August 2014
What can we say about Joe Hockey
Joe Hockey has had a pretty poor week indeed fortnight.
John Quiggin was early on his case. Greg Jericho was there as well. Ross Gittins is around there too.
Andrew Elder also bought in. Mumble thought Joe needed a break. He remembered Paul Keating and Peter Costello very early as treasurers and how unimpressive they were.( Indeed there were calls to remove Keating as he was thought a 'captive' of Treasury!!)
I tend to think Mumble has a point BUT Keating had less time as shadow treasurer to prepare for Government and he had the worst Treasury Secretary to help him in John Stone.
I have said previously Hockey has good staff so I do not know how Hockey mixed up absolute and relative revenue of income earners.He appears not to understand what is a progressive and a regressive tax is!
He also needs a plan B as plan A plainly has failed.
It doesn't matter how many times you say Labor's deficit and debt disaster if it hasn't resonated with the public you need to move on. You also cannot argue the budget was fair when all the evidence points to it be quite unfair.
It seems the Present government is as bad as the Government they replaced at basic politics.
John Quiggin was early on his case. Greg Jericho was there as well. Ross Gittins is around there too.
Andrew Elder also bought in. Mumble thought Joe needed a break. He remembered Paul Keating and Peter Costello very early as treasurers and how unimpressive they were.( Indeed there were calls to remove Keating as he was thought a 'captive' of Treasury!!)
I tend to think Mumble has a point BUT Keating had less time as shadow treasurer to prepare for Government and he had the worst Treasury Secretary to help him in John Stone.
I have said previously Hockey has good staff so I do not know how Hockey mixed up absolute and relative revenue of income earners.He appears not to understand what is a progressive and a regressive tax is!
He also needs a plan B as plan A plainly has failed.
It doesn't matter how many times you say Labor's deficit and debt disaster if it hasn't resonated with the public you need to move on. You also cannot argue the budget was fair when all the evidence points to it be quite unfair.
It seems the Present government is as bad as the Government they replaced at basic politics.
Monday, 18 August 2014
Wayne Swan
Wayne Swan should go down as one of the better performing treasurers we have had.
Faced with a looming GFC he eventually listened to both Glenn Stevens and Ken Henry and brought down two stimulus measures that helped Australia avoid recession ( although nominal GDP did fall ).
He did not try to engage in reckless fiscal consolidation until the last budget he had total responsibility for. In this budget he cut NOMINAL spending and detracted 0.7 percentage points from GDP. This is easily the tightest budget we have ever seen or have figures for. Unfortunately it weakened the economy!
The stimulus measures were entirely appropriate. If they were too large we would have seen rising interest rates and inflation with wages on the increase as well. We saw nothing along these lines.
If monetary policy was the reason for Australia recovered then people must explain how the lag was so short back then and so long now.
Some people such as Tony Makin said we could have relied on net exports for our recovery however net exports were only positive because the negative contribution from exports was lower than that for imports!
For those people who suggest we needed no stimulus measures then they might try to explain why every country that adopted austerity measures had a depression ( a 10% drop in GDP).
We should also realise those critics of 'excessive spending' said the same thing about Ireland and Europe but we only saw those economies go backwards not forward so those critics cannot read GDP figures!
Where people go badly on Swan is conflating his performance as treasurer and his performance as a politician. If people thought interest rates were lower under the Liberals under John Howard than under Labor then it can only because he failed to explain this properly. If people thought Labor had excessive spending then again it goes back to Swan. I agree with Mumble in that Swan never portrayed any confidence at all as Treasurer. I never understood this and perhaps it can only be explained by Swan paying far too much attention to focus group research.
However in the final run a Treasurer is a politician as well as policy induced Treasurer and in this respect he was poor.
Indeed he brought down a very severe contractionary budget in the expectation the lower interest rates which would occur would bring the ALP political plaudits.This didn't happen and again as Treasurer he must take the blame. Here he forgot we all live in the nominal economy not the real economy. Skeptikoi shows this.
Wayne Swan is truly a mixed character.
Faced with a looming GFC he eventually listened to both Glenn Stevens and Ken Henry and brought down two stimulus measures that helped Australia avoid recession ( although nominal GDP did fall ).
He did not try to engage in reckless fiscal consolidation until the last budget he had total responsibility for. In this budget he cut NOMINAL spending and detracted 0.7 percentage points from GDP. This is easily the tightest budget we have ever seen or have figures for. Unfortunately it weakened the economy!
The stimulus measures were entirely appropriate. If they were too large we would have seen rising interest rates and inflation with wages on the increase as well. We saw nothing along these lines.
If monetary policy was the reason for Australia recovered then people must explain how the lag was so short back then and so long now.
Some people such as Tony Makin said we could have relied on net exports for our recovery however net exports were only positive because the negative contribution from exports was lower than that for imports!
For those people who suggest we needed no stimulus measures then they might try to explain why every country that adopted austerity measures had a depression ( a 10% drop in GDP).
We should also realise those critics of 'excessive spending' said the same thing about Ireland and Europe but we only saw those economies go backwards not forward so those critics cannot read GDP figures!
Where people go badly on Swan is conflating his performance as treasurer and his performance as a politician. If people thought interest rates were lower under the Liberals under John Howard than under Labor then it can only because he failed to explain this properly. If people thought Labor had excessive spending then again it goes back to Swan. I agree with Mumble in that Swan never portrayed any confidence at all as Treasurer. I never understood this and perhaps it can only be explained by Swan paying far too much attention to focus group research.
However in the final run a Treasurer is a politician as well as policy induced Treasurer and in this respect he was poor.
Indeed he brought down a very severe contractionary budget in the expectation the lower interest rates which would occur would bring the ALP political plaudits.This didn't happen and again as Treasurer he must take the blame. Here he forgot we all live in the nominal economy not the real economy. Skeptikoi shows this.
Wayne Swan is truly a mixed character.
Saturday, 16 August 2014
Thursday, 14 August 2014
Around the Traps 15/8/14
It is time again for Around the Traps.
It is Grand final week in football so I will try and update on Sunday.
A great new E-bool on Secular Stagnation in Vox Wonk
Aussie,Aussie,Aussie,Oy,Oy,Oy
nuttin
Wonk
Andrew Gelman (Mainly Stats)
Dianne Coyle (Quirky + Book Reviews)
It is Grand final week in football so I will try and update on Sunday.
A great new E-bool on Secular Stagnation in Vox Wonk
Aussie,Aussie,Aussie,Oy,Oy,Oy
- The Kouk on mixing-up-the-ends-and-means-of-economic-policy , how-peter-costello-got-rid-of-government-debt , dreadful-labour-market-data-bring-on-an-interest-rate-cut
- Ross Gittins on big-business-now-calling-economic-shots
- Mumble on can_you_bear_it_in_2016 , leave_joe_alone
- The Piping Shrike on chaos
- Andrew Elder on the-futility-of-anger
- Kevin Bonham on poll-roundup-slow-move-back-to-coalition-continues
- John Quiggin on hockeys-amazing-discovery-bigger-households-use-more-of-everything
- Greg Jericho on slow-slow-burn-on-the-economy-and-jobless-are-feeling-the-heat
- Calculated Risk on treasury-budget-deficit-declined-in-July
- James Hamilton on investment-slumps
- Menzie Chinn on the-national-savings-identity-crowding-out-and-apocalypse-predicted
- John Robertson on are-we-there-yet
- Nick Rowe on why-has-the-bank-of-canada-done-nothing-for-4-years
- Mark Thoma gives us Tim Duy on fed-watch-heading-into-jackson-hole
- Edward Lambert on new-revisions-of-labor-share-show-economy-at-effective-demand-limit
- Mark Thoma on cutting-jobless-benefits-did-not-boost-employment
- Antonio Fatas on ecb-needs-to-talk-about-slack-and-not-structural-reforms Thanks Mark
- Simon Wren-Lewis on is-pessimism-about-european-debt-levels-justified , policy-based-evidence-making , the-risks-to-uk-recovery-are-fiscal-not-monetary
- Kruggers on whats-the-matter-with-europe
- Milken Institute on Abenomics Thanks Mark
Wonk
- The Growth Blog on cyclones-and-economic-growth
- Simon Wren-Lewis on on-macroeconomic-forecasting , inequality-and-common-pool-problem , conditional-and-unconditional-forecasting , search-in-goods-market
- Nick Rowe on money-prices-and-coordination-failures
- David Glasner on misunderstanding-totally-competitive-currency-devaluations
- Chris House on are-agent-based-models-the-future-of-macroeconomics Thanks Mark
- Edward Lambert on inflation-is-not-a-reason-to-normalise-nominal-rates
- Noah Smith on chris-house-on-stimulus-spending
- Philip Lane on global-imbalances-and-external-adjustment-after-the-crisis
- Mark Thoma gives us David Andalfatto on the-gold-standard-and-price-inflation
- Tim Harford on monopoly-is-a-bureaucrats-friend-but-a-democrats-foe
- Frances Woolley on why-is-business-software-so-bad
- Harry Clarke on distortions-in-the-patent-market
- Sandwichman on the-pathos-of-aggregate-demand
- Lord Keynes on value-and-price-in-austrian-economics , the-three-axioms-at-heart-of-neo-classical-economics
- Amy McGuire on explainer-who-isis-where-are-they-and-why-are-they-fighting
- Michael Brull on supporting-palestinian-cause-also-means-standing-against-anti-semitism
- Noah Smith on thursday-roundup
- Benjamin Preston on the-vulnerability-sourcebook
- Real Climate on how-much-methane-came-out-of-that-hole-in-siberia
- The Science of Doom on the-atmosphere-cools-to-space-by-co2-and-water-vapor-so-more-ghgs-more-cooling
- Jeremy Shakun on teaching-climate-change-through-six-questions
Andrew Gelman (Mainly Stats)
- discussion-sander-greenland-posterior-predictive-checks
- understanding-hot-hand-myth-hot-hand-time
- interpret-standard-errors-regression-fit-entire-population
- updike-ohara
- luck-vs-skill-poker
- psychohistory-hype-paradox
- Kaiser Fung on a-report-from-jsm-joint-statistical-meetings-2014 , davenport-on-targeted-marketing
Dianne Coyle (Quirky + Book Reviews)
- ape-selfies-art-and-money-and-e-books , the-education-of-an-economist , clash-of-the-titans-2 , urban-economics
- Nick Rowe on why-do-i-hate-driverless-cars
- Noah Smith on before-nazis-there-were-spanish-habsburgs
- lessons-experiment-referees-journal-public-economics
- revolving-door-and-worker-flows-banking-regulation
- italian-growth-new-recession-or-six-year-decline
- disintegrated-nations-integrated-europe-alesina-spolaore-logic-applied
- unemployment-and-product-and-labour-market-tightness
- natural-disasters-firm-activity-and-damage-banks
- data-mining-more-variables-observations
- how-retail-drug-markets-poor-countries-develop
- heterogeneity-value-life
- are-foreign-takeovers-getting-domestic-cherries-or-lemons
- is-there-taste-for-discrimination
- secular-stagnation-facts-causes-and-cures-new-vox-ebook
- unrecognised-benefits-grade-inflation
Wednesday, 13 August 2014
There is a wages break out!
Yesterday the ABS released the Wage Price Index. The annual rise is 2.6%. This is the lowest rise since the series started!
We have a wages break out. Stagflation is looming. the NAIRU has risen.Industrial disputes are going through the roof!
What you say that is all incorrect! Wages are behaving as they would in a deregulated economy. Unbelievable. Why would people argue otherwise? Why indeed?
They are either liars or mad or both!
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