Economics Explored podcast

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הוסף לפני six שנים

תוכן מסופק על ידי Gene Tunny. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Gene Tunny או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

The Unshakeables

1
Inspiring Creativity & Community: CultureCon 35:06

לפני 13 ימים35:06

הפעל מאוחר יותר

רשימות

לייק

אהבתי

35:06

Imani Ellis has always believed community is a superpower. What began as a small gathering in her Harlem apartment grew into The Creative Collective NYC and CultureCon — one of the largest conferences celebrating creators of color. But behind the highlight reels and celebrity speakers, Imani’s journey has been defined by burnout, bold leaps and learning when to pause. In this episode, Ben and Kathleen sit down with Imani and explore what it takes to transform a passion project into a cultural movement. From balancing a demanding career at NBCUniversal with late-night CultureCon planning, to walking away from work at the height of burnout for a self-designed “creative residency” in Paris, Imani shares the realities of leadership, rest and why joy and community must stay at the center of her work. See omnystudio.com/listener for privacy information.…

Economics Explored

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Hard-headed economic analysis applied to important economic, social, and environmental issues.

304 פרקים

#Business #Gene Tunny #Economics #Finance

Economics Explored

48 subscribers

updated לפני יומיים

שתפו

בית הסדרות•Feed

Hard-headed economic analysis applied to important economic, social, and environmental issues.

304 פרקים

#Business #Gene Tunny #Economics #Finance

همه قسمت ها

Economics Explored

1
Should Australia “Make Things Again”? - ep302 56:05

לפני יומיים56:05

56:05

“Make things again” — it’s a powerful slogan. But what does it really mean for Australia’s economy, workers, and national security? Show host Gene Tunny and Australian Taxpayers’ Alliance Chief Economist John Humphreys dig into the heart of the debate, from the politics of nostalgia to the realities of automation and global trade. A thought-provoking conversation about whether Australia can, or should, bring manufacturing back home. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps 00:00 – Introduction – Why “Make Things Again” is back in the headlines 01:40 – From CIS Consilium to the manufacturing debate 06:15 – The political appeal of “making things again” 12:50 – Australia’s car industry and economic reality 16:55 – What policy tools are we really talking about? 21:45 – The energy policy civil war on the right 27:50 – Legitimate arguments for tariffs: revenue & security 31:30 – National security, China, and economic resilience 40:10 – Automation and the meaning of work 44:55 – The future of the centre-right 48:25 – Wrap-up: where the new right might go 49:00 – Outro – national security, critical minerals & what’s next Takeaways Automation has changed everything – Even if manufacturing expands, the old factory jobs aren’t coming back; future growth will be in advanced, high-value sectors. Politics vs economics – “Made in Australia” is powerful politically, but protectionism risks higher costs and lower productivity. National security is a legitimate concern – But it needs a framework; not everything can be justified in its name. Energy costs are critical – High power prices are a big constraint on manufacturing. Meaningful work matters – Many calls for reindustrialisation reflect cultural and social concerns about meaning, not just economics. Links relevant to the conversation ATA livestream of Made in Australia debate || ATA #26: https://www.youtube.com/live/tvBKU7-Ce7E?si=g-Mr8AlL3-wDxNlE Andrew Hastie MP’s call to make things again: https://youtube.com/shorts/9NQGcBnaI8I?si=h4jwFskB2byxJ6Yy Simon Cowan’s opinion piece “The hard truth: why the government should let this smelter fai”: https://www.cis.org.au/commentary/opinion/the-hard-truth-why-the-government-should-let-this-smelter-fail/ Productivity Commission paper “Guardrails for modern industry policy”: https://www.pc.gov.au/inquiries-and-research/guardrails-industry-policy/ Richard Holden’s AFR article “Labor needs a strategy to say where minerals bailouts stop” (paywalled): https://www.afr.com/policy/economy/labor-needs-a-strategy-to-say-where-minerals-bailouts-stop-20251012-p5n1sz John Quiggin’s article “If government bailouts of companies are the new normal, we need a better strategic vision”: https://theconversation.com/if-government-bailouts-of-companies-are-the-new-normal-we-need-a-better-strategic-vision-267111 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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The AI Boom: Innovation or Irrational Exuberance? w/ Aman Verjee - ep301 45:57

לפני 9 ימים45:57

45:57

Venture capitalist Aman Verjee joins Gene Tunny to explore whether artificial intelligence is fuelling the next great economic bubble. Drawing lessons from history—from the 1840s railway boom to the 1990s dot-com surge—Aman argues that even frothy markets can spark long-term progress. The conversation also covers AI’s impact on jobs, productivity, and how policy can nurture innovation without strangling it. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps Introduction and Guest Overview (0:00) Aman Verjee's Background and Experience (2:26) Aman’s Role and Responsibilities at Practical Venture Capital (5:50) AI and Financial Bubbles (10:01) AI in Business and Everyday Life (13:30) Impact of AI on Jobs and the Economy (17:29) US Economy and Government Shutdown (21:27) Policies to Boost Productivity (27:29) Aman Verjee's Book on Financial Bubbles (37:08) Conclusion and Contact Information (43:30) Takeaways AI may be in a “frothy” phase but not necessarily a bubble—valuations are high, yet many firms are potentially transformative. Past bubbles often produced some lasting value: the 1990s tech and 1840s railway booms birthed major industries that delivered lasting benefits after crashes. AI will reshape, not erase, jobs—disruption creates new roles as others disappear, echoing past technological revolutions. Policy matters: lower regulation, smarter taxation, and education reform are crucial for productivity growth. History’s warning: bubbles fueled by debt (like the 2000s US housing boom and 1880s Melbourne land boom) are far more damaging than equity-driven ones. Links relevant to the conversation Aman Verjee’s firm: https://practicalvc.com/ Aman’s trading places podcast: https://practicalvc.com/trading-places/ Regarding Melbourne house prices: “Melbourne house prices fell 51% in real terms (prices minus inflation) in the 1890s” https://www.morningstar.com.au/personal-finance/lessons-from-australias-largest-property-busts Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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The Great Baby Bust: Why It Happened and What It Means for Us - ep300 44:07

לפני 22 ימים44:07

44:07

Australia’s fertility rate is now at a record low of 1.48 babies per woman. Gene Tunny and John Humphreys discuss the sharp fall in fertility rates worldwide and what it means for Australia’s economy and society. They explore how declining birth rates threaten our economy, government budgets, and social cohesion, and whether migration, pro-natalist policies, or cultural change can reverse this trend. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps Introduction to Episode on Decline in Fertility Rates and Economic Implications (0:00) Discussion with John Humphreys on Fertility Rates (5:12) Economic and Social Forces Driving Down Fertility (14:16) Impact of Low Fertility Rates on Asset Prices and Social Cohesion (15:50) Challenges of Migration and University Policies (20:25) Historical and Sociological Factors Influencing Fertility Rates (29:57) Potential Solutions and Policy Recommendations (40:15) Takeaways Australia’s fertility rate has fallen to 1.48 births per woman—its lowest level ever and far below the replacement rate of 2.1. Migration isn’t a sustainable fix: fertility rates are also falling in nearly every country, even traditional migrant sources. Economic and cultural shifts—urbanisation, delayed marriage, individualism, and welfare-state expansion—have weakened traditional social structures supporting families. The Baby Bonus experiment of the 2000s temporarily lifted fertility, but its effects were uneven and costly. Long-term implications include labour shortages, rising welfare burdens, asset price declines, and profound cultural change. Links relevant to the conversation ABS births data: https://www.abs.gov.au/statistics/people/population/births-australia/2024 e61 analysis of the Baby Bonus: https://e61.in/australias-fertility-decline-evidence-and-policy-experience/ Birthgap documentary: https://youtu.be/m2GeVG0XYTc?si=vuZvBqwVkZn3q1oZ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Shutdown Showdown: What It Really Means - ep299 38:42

לפני 5 weeks38:42

38:42

Shutdowns are back—and Gene delves into the reasons, ramifications, and rhetoric. This episode examines the latest U.S. government shutdown, its potential to outlast previous ones, and whether it could signal deeper structural changes—or just more political theatre. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps US Government Shutdown Overview (0:00) Political Causes and Consequences (2:47) Impact on Federal Workers and Services (6:44) Economic and Financial Implications (10:22) Data Blackout and Market Trust (19:25) Political Dynamics and Potential Resolutions (21:07) Potential Long-Term Economic and Market Impacts (23:38) Call for Public Input and Conclusion (24:02) Takeaways The shutdown has happened due to a failed continuing resolution, not the debt ceiling —this time, it’s a clash over health insurance subsidies and spending on undocumented immigrants. Shutdowns rarely alter the long-term trend in government spending , as federal outlays tend to rebound after the shutdown ends. Federal workers often get back pay, but contractors do not—highlighting real economic pain for many. Economic impact is limited and short-term, though the longer this drags on, the greater the potential for serious consequences. This shutdown might be different, as political polarisation has deepened and there are hints of a broader agenda to shrink government permanently. Links relevant to the conversation CBO report on the 2019 shutdown: https://www.cbo.gov/publication/54937 CBS News report “Who gets back pay and who doesn't after a government shutdown?” https://www.cbsnews.com/news/government-shutdown-contract-worker-back-pay/ David Wessel’s Brookings article “What is a government shutdown?”: https://www.brookings.edu/articles/what-is-a-government-shutdown-and-why-are-we-likely-to-have-another-one/ J.P. Morgan note “How does a potential U.S. government shutdown impact markets?”: https://am.jpmorgan.com/au/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/how-does-us-government-shutdown-impact-markets/ Emily Jashinsky’s video “Democrats LOSE IT over sombrero meme as Trump Unleashes 'Doge 2.0'” https://youtu.be/JQCg-NuTAYI?si=s7eS7VgBH43Ab8VD Bernie Sanders and AOC video on the shutdown: https://youtu.be/fqWsPk7QO24?si=1RBjjEQogMMoLCzr Relevant previous Economics Explored episodes: Debt, Inflation & Unrest: Western Warnings - ep297 https://economics-explained.simplecast.com/episodes/debt-inflation-unrest-western-warnings-ep297 US Debt Ceiling: Why Trump is Right to Call for its Abolition & Gene’s Experience with Aussie Debt Ceiling - EP268 https://economics-explained.simplecast.com/episodes/us-debt-ceiling-why-trump-is-right-to-call-for-its-abolition-genes-experience-with-aussie-debt-ceiling-ep268 Is Uncle Sam Running a Ponzi Scheme with the National Debt? w/ Dr Dan Mitchell - EP235 https://economics-explained.simplecast.com/episodes/is-uncle-sam-running-a-ponzi-scheme-with-the-national-debt-w-dr-dan-mitchell-ep235 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Is Net Zero Achievable—or Just a Slogan? Highlights from episodes with Matt Canavan, Nicki Hutley, Tony Wood & John Humphreys - ep298 51:04

לפני 6 weeks51:04

51:04

What does net zero really mean, and what will it take to get there? In this episode, highlights from past guests reveal the full spectrum of views—from urgent calls for climate action to scepticism about costs and feasibility. With perspectives on extreme weather, carbon pricing, nuclear energy, coal, and productivity trade-offs, this episode cuts to the heart of the net-zero debate. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps Economic Impact of Climate Change with Nikki Hutley (0:00) Defining Net Zero with Tony Wood (8:56) Criticism of Net Zero by Senator Matt Canavan (24:04) Challenges of Meeting Australia’s 2035 Emissions Targets with John Humphreys (39:06) Takeaways The cost of inaction versus transition costs—Nicki Hutley warns that extreme weather and health impacts already impose huge economic costs, and she argues the costs of inaction outweigh the costs of action. Technology is key—Tony Wood from the Grattan Institute stresses the need for innovation in batteries, hydrogen, soil carbon, and carbon capture. Scepticism about global commitments—Senator Matt Canavan doubts countries like China and India will follow through, arguing Australia risks self-harm. Productivity at risk—John Humphreys warns ambitious emissions targets could de-industrialise Australia and hurt long-term growth. The debate remains unresolved—balancing economic prosperity with climate goals is still one of the defining challenges of our age. Links relevant to the conversation Australian Taxpayers’ Alliance Livestream of 18 September 2025 (which shows the emission reduction charts Gene refers to in this episode): https://www.youtube.com/live/8YxnRT_YD50?si=_A1udQmCag3dMtyC Previous Economics Explored episodes, including the highlights from this episode: https://economics-explained.simplecast.com/episodes/climate-change-with-nicki-hutley-from-deloitte-access-economics https://economics-explained.simplecast.com/episodes/cop26-climate-change-summit-with-tony-wood-grattan-institute https://economics-explained.simplecast.com/episodes/aussie-senator-matt-canavan-cop26-dissenting-voices-part-2 Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Debt, Inflation & Unrest: Western Warnings - ep297 47:26

לפני 7 weeks47:26

47:26

Gene Tunny and John Humphreys unpack the economic troubles brewing in the UK, France, and the US—rising debt, social unrest, inflation, and faltering productivity. They explore why bond markets are sounding alarms, why governments are struggling to respond, and what this all means for Australia. The episode draws urgent lessons from these fiscal failures, with stark warnings for what lies ahead if policy inertia continues. Among other issues, they discuss Gary Stevenson’s proposal for a wealth tax in the UK. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . This episode was recorded on Thursday, 18 September 2025. Timestamps Economic Challenges in Major Western Economies (0:00) Discussion on UK Economic Turmoil (2:31) Impact of Bond Market on UK Government (7:35) Comparison with France and the US (16:43) Lessons for Australia (35:29) Impact of Political Polarisation (43:55) Potential Solutions and Challenges (44:15) Global Economic Repercussions (44:49) Conclusion and Final Thoughts (46:24) Takeaways The UK’s fiscal crisis is deepening with stalled per capita GDP, rising debt, and bond markets losing confidence. France is politically paralysed amid fiscal deficits and bond yields now surpassing Italy’s—an unprecedented shift. The US faces stagflation risks, with inflation ticking back up and concerns about economic growth. Productivity stagnation is the root problem across Western economies, fueling deficits and weakening growth. Australia must learn from others' mistakes, avoiding unsustainable spending and instead boosting productivity. Links relevant to the conversation Slides with charts referred to this episode: https://drive.google.com/file/d/1ZMkunGxYj57TnCajOxvMcTEh0fQj0y5L/view?usp=sharing Australian Taxpayers’ Alliance Livestream of 18 September 2025: https://www.youtube.com/live/8YxnRT_YD50?si=_A1udQmCag3dMtyC Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Don’t Fight the Market: A Price Mechanism Masterclass - ep296 42:05

לפני 8 weeks42:05

42:05

Show host Gene Tunny breaks down why price controls are one of the most consistently failed economic policies. Using vivid historical examples from the 1970s US, the Soviet Union’s command economy, and Venezuela’s toilet paper crisis, he illustrates how interfering with the price mechanism leads to shortages, inefficiency, and unintended consequences. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com . Timestamps Introduction to the Podcast and Episode Theme (0:00) Price Controls and Their Economic Implications (2:47) President Nixon's Wage and Price Controls (8:53) The Soviet Union's Central Planning System (18:20) Economic Inefficiency in the Soviet Steel Industry (29:24) Venezuela's Toilet Paper Crisis (31:57) Takeaways Price controls disrupt vital economic signals, leading to misallocation of resources and market inefficiency. Nixon’s wage and price freeze in the 1970s led to empty supermarket shelves, black markets, and farmers slaughtering livestock to cut their losses. Soviet central planning failed due to the absence of price signals, leading to constant shortages—even of basic goods like meat and bread. Venezuela’s price caps on essentials like toilet paper created massive shortages and forced the government to import millions of rolls. The price mechanism acts as a societal dashboard, helping balance supply and demand more efficiently than central planning or rationing. Links relevant to the conversation Ben Bernanke’s book – 21st Century Monetary Policy https://www.amazon.com.au/21st-Century-Monetary-Policy-Inflation/dp/1324020466 BBC News Article on Venezuela's Toilet Paper Crisis: "Venezuela aims to end toilet paper shortage" https://www.bbc.com/news/business-22621833 Bread and Autocracy: Food, Politics, and Security in Putin’s Russia https://www.amazon.com.au/Bread-Autocracy-Politics-Security-Putins/dp/019768436X Stephen Kotkin – Armageddon Averted: The Soviet Collapse 1970–2000 https://www.amazon.com.au/Armageddon-Averted-Soviet-Collapse-1970-2000/dp/0195368630 Friedrich Hayek – “The Use of Knowledge in Society” https://www.econlib.org/library/Essays/hykKnw.html Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Beyond the Roundtable: Real Solutions for Australia’s Productivity Plunge - ep295 53:07

לפני 10 weeks53:07

53:07

In this candid discussion, show host Gene Tunny joins a panel to expose the shortcomings of the Australian Government’s August 2025 economic reform summit. Topics include the high cost of energy, tax policy, the ballooning NDIS and big government generally, AI regulation, and Senator Matt Canavan’s rival roundtable, which Gene attended. This episode borrows the audio from Damian Coory’s The Other Side episode broadcast on YouTube on 22 August 2025. The other guests are Graham Young, Executive Director of the Australian Institute for Progress, and Dan Petrie, a data analyst and former editor at Bloomberg. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Australian Government's Economic Reform Roundtable Overview (0:00) Critique of the Official Roundtable (3:26) Challenges in Defining Productivity and Addressing Labor Market Issues (6:59) Impact of Government Spending and Energy Costs on Productivity (9:48) Innovation and Small Business Challenges (34:00) Taxation and Economic Reform Proposals (34:29) NDIS and Healthcare Funding Challenges (51:04) Final Thoughts on the Roundtable and Future Directions (51:15) Takeaways The Official Roundtable Lacked Focus & Diversity: Only six business leaders were among 30 participants — a serious oversight for a summit focused on productivity and economic reform. Energy Costs Are a Major Barrier: Australia’s rapid rollout of renewable energy is raising energy prices, affecting both consumers and heavy industries. Government Spending Is Too High: Public spending is nearing 40% of GDP, with half of Australians now receiving government income, raising concerns about sustainability and productivity. Small Business & Innovation Ignored: There was little meaningful discussion of the role of small business or innovation in driving productivity. AI Regulation Needs a Balanced Approach: The roundtable discussions on AI were dominated by union concerns, focusing on job protection rather than innovation. This risks stifling technological advancement and missing opportunities for productivity gains. NDIS Costs Are Spiralling Out of Control: The National Disability Insurance Scheme is growing at an unsustainable rate, with concerns about high eligibility and inadequate oversight. The government’s proposed changes lack proper consultation and shift costs to the states. Links relevant to the conversation The Other Side episode - “AUSTRALIA's Decline - No Vision, No Innovation, Just MORE Big Government and Taxes”: https://youtu.be/FeicrCu2sO0?si=Rd8xZV_CsmLzikW0 Senator Matt Canavan’s roundtable broadcast on Sky News - “Real Productivity Roundtable reveals four ways to save Australia:” https://youtu.be/4xBGcjIXgHU?si=Uk1kaqq92bhacSma Robert Carling’s recent paper - “Leviathan on the Rampage: Government spending growth a threat to Australia’s economic future”: https://www.cis.org.au/publication/leviathan-on-the-rampage-how-the-growth-of-government-is-draining-australias-economic-vitality/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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AI’s Economic Disruption: Infinite Intelligence at our Fingertips? w/ Prof. Chris Berg & John Humphreys - ep294 46:18

לפני 11 weeks46:18

46:18

Professor Chris Berg from RMIT University discusses the transformative potential of AI, likening it to the next industrial revolution. He argues that AI, particularly tools like ChatGPT, can boost white-collar productivity by up to 40%. Governments should cautiously avoid AI regulation to maximise these gains. Berg emphasises AI's bottom-up adoption and its exponential advancements. He also touches on the social implications, including the formation of parasocial relationships with AI and the potential for AI to displace certain jobs. The conversation, with ATA Chief Economist John Humphreys and Economics Explored host Gene Tunny, highlights AI’s dual promise of productivity gains and societal challenges. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction to AI and Productivity (0:00) Government's Approach to AI Regulation (3:01) Bottom-Up Technology and Industrial Applications (9:40) Comparisons to Previous Industrial Revolutions (12:04) Social and Economic Implications of AI (16:46) AI and Human Labour (17:15) AI's Role in Public Policy Debates (35:41) Conclusion and Future Prospects (38:35) Takeaways AI as “Infinite Intelligence” – Berg views AI, particularly LLMs like ChatGPT, as offering effectively infinite intelligence, capable of dramatically transforming productivity. White-Collar Disruption – AI is not just about automating manual labour. It poses a serious threat (and opportunity) for traditionally “smart” jobs like writing, research, and art. Regulatory Caution – While Europe has rushed to regulate AI, Australia hasn’t, allowing innovation and productivity gains to take root. Parasocial Relationships with AI – AI companions (e.g., AI-infused toys or assistants) may change human interaction, especially among children and vulnerable populations. Rethinking Migration via Robots – Remote-controlled humanoid robots may one day allow low-skilled workers in developing countries to "work" in advanced economies without leaving home. Links relevant to the conversation ATA livestream on 21 August with Chris Berg: https://austaxpayers.substack.com/p/productivity-ideas-with-chris-berg Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Cash Flow Tax, Gas Bans & Big Government w/ John Humphreys - ep293 55:04

לפני 13 weeks55:04

55:04

Show host Gene Tunny and Australian Taxpayers’ Alliance Chief Economist John Humphreys tackle hot topics in Australian economic policy: the case for a cash flow company tax, the politics and maths of a gas ban, why stamp duty drags the economy, the growing size of government and the cost of living crisis. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction and Greens’ Gas Ban (0:00) Government Spending and Adverse Effects on Economic Dynamism (8:32) Stamp Duty and Efficiency Cost (19:42) Inflation Data and Cost of Living Crisis (25:39) Productivity Commission's Company Tax Reform (28:55) Workers' Compensation and Tax Incidence (43:11) Tariffs and Taxation (54:52) Takeaways Cash Flow Tax Reform – The Productivity Commission proposes cutting company tax to 20% for most firms, adding a 5% cash flow tax, and keeping the system revenue neutral—aimed at boosting investment. Gas Ban Impact – John argues the NSW Greens’ proposal would delay global warming by only 10 hours by 2100, even under optimistic assumptions, yet could raise costs for consumers and businesses. Stamp Duty Inefficiency – Economic modelling by the Centre of Policy Studies (CoPS) shows stamp duty’s deadweight loss at 70–80 cents per $1 raised, far worse than GST or income tax. Government Spending Growth – The CIS’s Robert Carling claims over half of Australians now earn primary income from government sources, raising concerns about productivity and political incentives. Hidden Tax Burdens – Workers’ compensation costs, though nominally paid by employers, often reduce workers’ wages in the long run, John argues. Links relevant to the conversation ATA livestream on 7 August: https://austaxpayers.substack.com/p/australia-considers-cashflow-tax John’s article on Greens’ gas ban: https://austaxpayers.substack.com/p/greens-propose-gas-ban PC’s cash flow tax proposal: https://www.pc.gov.au/inquiries/current/resilient-economy/interim Leviathan on the Rampage: Government spending growth a threat to Australia’s economic future https://www.cis.org.au/publication/leviathan-on-the-rampage-how-the-growth-of-government-is-draining-australias-economic-vitality/ CoPS on stamp duty: Some taxes are inefficient at any level. Even modest reforms will help https://www.vu.edu.au/about-vu/news-events/news/some-taxes-are-inefficient-at-any-level-even-modest-reforms-will-help Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Raleigh’s Rise: America’s #1 Best-Performing City w/ Kyle Touchstone, Raleigh Economic Development 56:12

לפני 15 weeks56:12

56:12

Kyle Touchstone, Director of Raleigh Economic Development, shares with us how Raleigh became the top-ranked large city in the US, according to the Milken Institute. Kyle and show host Gene Tunny discuss the city's success in biotech, AI, quantum computing, and advanced manufacturing—all underpinned by the world-class universities and innovation ecosystem of North Carolina’s Research Triangle. The conversation also explores Raleigh’s growing role in the gaming industry, including its connection to Epic Games—the creator of Fortnite—and the rise of eSports in the region. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Raleigh's Economic Growth and Milken Institute Ranking (0:00) Industry Sectors and Infrastructure in North Carolina (5:17) Significant Announcements and Investments (7:23) Population Growth and Quality of Life (12:23) Entrepreneurial Ecosystem and Community Support (15:08) Tax Policy and Economic Development (15:35) Quantum Computing and AI (19:49) Sports and Entertainment (43:40) eSports and Gaming (47:55) Lessons in Economic Development (50:39) Takeaways Top Rankings: Raleigh was named the #1 best-performing large city by the Milken Institute and is part of the #1 state for business (North Carolina, per CNBC). Research Triangle Advantage: Home to NC State, Duke, and UNC Chapel Hill, the Research Triangle fuels innovation with top-tier talent and research. Massive Investment: Biotech firms, such as Biogen, Amgen, and Genentech, have invested billions, drawn by the infrastructure, affordability, and access to research. Quantum & AI Leadership: IBM’s quantum hub and regional AI focus are positioning Raleigh as a leader in next-gen computing. Entrepreneurial Ecosystem: Startups like Pendo and social enterprises like 321 Coffee thrive thanks to a strong support network and educational institutions. Links relevant to the conversation Raleigh, NC and Gainesville, GA Top Milken Institute’s 2025 Annual Ranking of Best-Performing Cities: https://milkeninstitute.org/content-hub/news-releases/raleigh-nc-and-gainesville-ga-top-milken-institutes-2025-annual-ranking-best-performing-cities Raleigh Economic Development: https://www.raleighecondev.org/ Zoom catch up with show host Gene Tunny Join Gene and other listeners for a catch-up on Zoom on Thursday, 31 July at: 21.30 to 22.30 AEST/GMT+10 (Australian East Coast time) 12.30 to 13.30 BST/GMT+1 (British Summer time) 07.30 to 08.30 EDT/GMT-4 (US East Coast time) The link to the Zoom room is: https://us02web.zoom.us/j/9471595560 RSVP by 20.00 GMT+10 on 31 July to contact@economicsexplored.com Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

1
Interest Rates, Australia’s 3 Biggest Challenges, Global Fertility Crash, & the Tobin Tax Debate w/ John Humphreys, Australian Taxpayers’ Alliance 57:25

לפני 17 weeks57:25

57:25

Show host Gene Tunny and colleague John Humphreys dissect Australia’s latest controversial Reserve Bank interest rate decision, debating inflation targeting and central bank independence. They challenge conventional economic thinking, particularly around the NAIRU—the Non-Accelerating Inflation Rate of Unemployment (NAIRU). The episode also tackles the implications of declining fertility rates globally, the controversial Tobin tax on financial transactions, and critiques current climate policies through an economic lens. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Reserve Bank of Australia's Interest Rate Decision and Inflation Targeting (0:00) Debate on RBA Independence and Inflation Targeting (8:12) Challenges Facing the Australian Economy (23:00) Libertarian Perspectives on Currency and Population Decline (35:33) Economic Implications of Declining Fertility (36:31) Tobin Tax and Its Economic Rationale, Pros and Cons (50:12) Conclusion and Future Topics (56:48) Takeaways RBA Decision Controversy: The RBA's recent decision on interest rates highlights the complexity and uncertainty around inflation management. NAIRU Concept Critique: The Non-Accelerating Inflation Rate of Unemployment is flawed and may misguide policy, according to John Humphreys. Demographic Concerns: Declining fertility and aging populations could be the defining issue of the 21st century. Economic Impacts of Climate Policy: Current climate change actions often lack transparent cost-benefit analyses, raising economic risks. Risks of Tobin Taxes: Tobin taxes seem feasible at low levels but risk inefficiency, evasion, and global governance issues. Links relevant to the conversation Full ATA livestream “ATA Live #20: Tobin tax & interest rates”: https://www.youtube.com/live/34WBRZNbwwc?si=TPU14g7SffIXuWMP Australian Taxpayers’ Alliance: https://www.taxpayers.org.au/ Zoom catch up with show host Gene Tunny Join Gene and other listeners for a catch-up on Zoom on Thursday, 31 July at: 21.30 to 22.30 AEST/GMT+10 (Australian East Coast time) 12.30 to 13.30 BST/GMT+1 (British Summer time) 07.30 to 08.30 EDT/GMT-4 (US East Coast time) The link to the Zoom room is: https://us02web.zoom.us/j/9471595560 RSVP by 20.00 GMT+10 on 31 July to contact@economicsexplored.com Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

1
Listener Mailbag: Starve the Beast, Property Tax, and NDIS & Productivity Debates 51:20

לפני 18 weeks51:20

51:20

Show host Gene Tunny delves into listener feedback on recent episodes regarding the feasibility of tax cuts preceding spending cuts ("starve the beast"), a capital gains tax on property, and the practicality of Georgist land taxes. He explores the complexities behind Australia's productivity challenges and regulatory capture issues raised by listeners. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Feedback from Listeners and Show Updates (0:00) Discussion on the Starve the Beast Theory (2:26) Listener Feedback from Australia (8:25) Georgism and Property Taxation (20:11) Feedback on Productivity and Regulatory Capture (26:25) NDIS and Labour Force Participation (30:16) Tax Reform and Efficiency (41:15) Closing Remarks and Future Plans (50:21) Takeaways Tax Cuts Need Matching Spending Cuts: The "starve the beast" theory—that tax cuts alone will force spending cuts—is usually ineffective, historically resulting in higher deficits and debt. Capital Gains Tax Controversy: Taxing capital gains on family homes would be politically unpopular and controversial. Productivity and NDIS Debate: Growth in social services sectors, such as Australia’s National Disability Insurance Scheme, may negatively impact productivity measures, although this growth may also bring social benefits. Avoid Regulatory Capture: Effective regulatory reform requires vigilance against corporate lobbying and vested interests to ensure regulations genuinely benefit the public. Links relevant to the conversation Previous episodes: Australia’s productivity problem w/ John Humphreys: https://podcasts.apple.com/au/podcast/australias-productivity-problem-can-it-be-fixed-w-john/id1480645795?i=1000712724732 Rethinking Property and Taxation: The Georgist Approach w/ John August https://podcasts.apple.com/au/podcast/rethinking-property-and-taxation-the-georgist-approach/id1480645795?i=1000703744281 Fixing Australia’s Housing Crisis: Fusion’s Plan w/ Owen Miller https://podcasts.apple.com/au/podcast/fixing-australias-housing-crisis-fusions-plan-w-owen/id1480645795?i=1000700967776 Livestream on superannuation with John Humphreys and Cameron Murray: https://www.youtube.com/live/SlGCSaiGCVU?si=sj-ySFaccJUm08sg Articles on the failure of the land value tax in the early 20th-century UK: https://marginalrevolution.com/marginalrevolution/2025/03/the-failure-of-the-land-value-tax.html https://worksinprogress.co/issue/the-failure-of-the-land-value-tax/ Book review of Kaldor’s Expenditure Tax monograph: http://piketty.pse.ens.fr/files/Kaldor1955ExpenditureTaxDebate.pdf Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

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Chaos is Costly: Navigating Economic Uncertainty w/ Rebecca Homkes, Duke Corporate Education 54:35

לפני 19 weeks54:35

54:35

Rebecca Homkes of Duke Corporate Education and London Business School joins the show to discuss how economic and trade policy chaos is hindering strategic decision-making in global firms. Rebecca shares how to spot the CEOs who are genuinely thinking ahead—those who anchor their choices in beliefs and prepare to adapt as conditions change. We also explore AI’s real value in business: not just saving time, but repurposing it for higher-value work and strategic growth. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps Introduction and Overview of the Podcast (0:00) Manufacturing Jobs vs. Manufacturing Capacity (1:03) CEO Strategic Paralysis and Policy Uncertainty (16:31) Regulation and Economic Policy (16:47) Vision for the Future and National Security Concerns (20:10) CEO Strategies in Uncertain Times (23:36) Exemplars of Strategic Preparation (28:08) Impact of AI on Business Strategy (36:56) Challenges in AI Adoption (47:51) Future of Jobs and AI (49:57) Conclusion and Final Thoughts (52:01) Takeaways Chaos breeds inaction – CEOs facing policy and geopolitical uncertainty often freeze, avoiding significant investments due to a lack of clarity. AI’s true value lies in repurposed time – Businesses should measure AI’s success not by time saved, but by how that time is used for higher-value tasks. Strategic beliefs drive resilient planning – The best-performing organisations base decisions on articulated beliefs, not reactive responses. Links relevant to the conversation Rebecca’s website: https://www.rebeccahomkes.com/ Rebecca’s book Survive, Reset, Thrive: https://www.surviveresetthrive.com/ Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

Economics Explored

1
Australia’s Productivity Problem: Can It Be Fixed? w/ John Humphreys, Australian Taxpayers’ Alliance 59:39

לפני 21 weeks59:39

59:39

Gene Tunny and John Humphreys dissect the causes behind Australia's productivity slump, analysing recent GDP data, labour market policies, and regulatory constraints. They debate whether tax cuts should precede spending cuts and question the effectiveness of central planning and government intervention (i.e. ‘picking winners’) in driving innovation. John is Chief Economist at the Australian Taxpayers’ Alliance (ATA). This episode is the audio of an ATA livestream on 12 June 2025. Please email Gene your thoughts on this episode via contact@economicsexplored.com . Timestamps National Accounts and Productivity Concerns (0:00) Government's Productivity Roundtable and Regulatory Reforms (4:34) Economic Policy and Institutional Reforms (8:19) Challenges in Private Investment and Productivity Measures (13:56) Industrial Relations and Labour Market Reforms (18:14) Housing Market and Regulatory Barriers (22:56) Tax Reforms and Fiscal Responsibility (29:59) Superannuation Tax Changes and Political Implications (47:15) Conclusion and Future Prospects (57:22) Takeaways Australia is in an 8-year productivity slump, with minimal growth in GDP per hour worked and GDP per capita declining in most recent quarters. The Albanese Government’s proposed productivity roundtable is met with scepticism, particularly due to its unwillingness to touch industrial relations. Private investment remains weak, threatening future economic growth despite government spending and immigration-fueled expansion. Superannuation changes are controversial, especially the proposal to tax unrealised gains and the lack of indexation, prompting fears of unfair treatment of self-managed funds. Regulation, housing policy, and taxation are significant barriers to productivity; both speakers call for serious reform and question whether centralisation in Canberra helps or hinders progress. Links relevant to the conversation ATA livestream (i.e. video of this episode): https://www.youtube.com/live/lDlner_PHc0?si=1M9krIiPwvIcFxLs ATA website: https://www.taxpayers.org.au/ Australia’s National Accounts: https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release Lumo Coffee promotion 10% of Lumo Coffee’s Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED…

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