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The vaping crackdown will impose huge costs on users, drive some to the black market and force others to smoke more cigarettes, despite vapes being far less harmful than smoking. Instead of prohibition, regulate vapes like alcohol.

As a replacement for last Friday’s missing Fodder courtesy of the long weekend, here are a few short takes for you to muse over to start your week, from last week’s happenings that probably didn’t need a full post._

I’m honestly not sure why Albo was willing to risk so much political capital on a relatively small distributional change just to get his very own Oprah moment. But the whole stage 3 tax cut song and dance is a recurring sideshow to a much, much deeper issue: bracket creep.

I fired up my crystal ball and took a bit of a punt on this one. Well, not really, but if you’re interested in my thinking on when the RBA might start cutting rates (hint: not anytime soon) then you should check it out.

Here are a few short takes for you to chew over on the weekend, from the week’s happenings that probably didn’t need a full post. 1. Protecting us from ourselves # I was scrolling through the AFR last Sunday, as one does, and noticed the following headline: Labor to overhaul ‘sophisticated investor’ test. Great, I thought – they’re finally going to make it possible for retail investors to buy higher-risk, higher-return products! How wrong I was: