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2025

The return of state capitalism
Governments across the developed world are taking equity stakes in struggling companies, creating the moral hazard and capital misallocation that leads to economic mediocrity.
Incentives matter, NDIS edition
The Albanese government’s move to restrict NDIS eligibility reflects the inevitable economics of subsidising demand and muting price signals.
I was wrong about luxury apartments
Building luxury apartments might be the most effective form of supply for boosting overall housing affordability.
How not to raise productivity growth
Ross Gittins is an expert at getting bad ideas out into the open so that we know what not to do.
The ACTU's economic errors
Many Aussies would love a four-day work week. But let’s at least be honest about what that really means.