Markets

Australia’s high tobacco taxes have created a massive price wedge fuelling a thriving black market, yet its new tobacco and vape tsar doesn’t see a problem.

The Albanese government took the guillotine to democracy; Argentina is getting a good old-fashioned dose of microeconomic reform; what Victoria can teach the rest of Australia; prediction markets and the future of forecasting; and trade works in roundabout ways.

Ross Gittins’ recent column misunderstands basic economics, resulting in a confused narrative that oversimplifies inflation, misreads corporate profits, and misinterprets the relationship between industry concentration and competition.

Kamala Harris’ recent policy proposals are equivalent to the four horsemen of a policy-pocalypse: nothing but misguided attempts to address economic issues that will fail to achieve their stated goals, leading to unintended consequences.

A closer look at the recent market rout reveals underlying concerns about Australia’s economy, and that the RBA’s next moves will be as crucial as ever.