Archive
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.
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.