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Category Archives: Australia

Short observations

Maverick Philosopher tells us that arguments don’t have testicles.  But they do have perspectives built into them. Including (in some ways especially) legal arguments. We should be wary of dismissing the importance of perspective, especially as a great deal of bigotry rests precisely on denying the legitimacy of particular perspectives. *** Currently reading an excellent popularisation […]

Migration, history and countries as club goods

This is based on comments I made here and here. Thin conceptions There is a line of argument which holds that if free trade in goods and services is good for economies, if free trade in capital is good for economies, then surely free trade in labour would also be good for economies. So, just as one should […]

Memories of Ray Evans (1935-2014)

I was greatly saddened to learn, via email, of the death of Ray Evans.  I first met Ray sometime in the 1980s, when he was an indefatigable fighter for labour market reform. The attempt by the new Hawke Government, via the Hancock Report, to expand even further the legal privileges of the union movement inspired him to co-found the H […]

Hard money is not the same as sound money

A post by Jonathan Finegold on sound money pointed me towards how to express an important distinction–that hard money is not the same as sound money. JF defines sound money thusly: a monetary system that best promotes coordination between market agents. Unsurprisingly, a somewhat “Austrian” definition, but clear enough. I would go with the money that maximises its transaction […]

Too big not to fail: the rise and fall of Fannie Mae

The debate over the role (if any) of the Community Reinvestment Act (CRA) in the sub-prime crisis, and thus the Global Financial Crisis (GFC), often seems to be a stand-in for other issues. In particular, to what extent was either financial meltdown the consequences of government regulation (or the lack thereof). The answer to the former question is: almost entirely, […]

Small-yet-broad is beautiful (or why it is good to have been British)

The central purpose of Calomiris & Haber’s Fragile by Design: the Political Origins of Banking Crises is to explain to Americans why their banking system does not perform as well as other countries–particularly compared to that of their neighbour, Canada. In chapter 14, the authors put the matter quite starkly: … if a highly stable banking system […]

SL’s Australian visit – 2nd ALS Friedman Conference (and other goodies)

As some of you already know, due to the kind sponsorship of Thought Broker, I shall be travelling to Australia for the 2nd Australian Libertarian Society Friedman Conference (speaker schedule here) and shall also be sharing a platform with new Freedom Commissioner Tim Wilson at one of Thought Broker’s in-house events (details here). Thought Broker […]

That honour thing

The last vestige in Anglosphere criminal law of the use of violence in defence of one’s honour is the provocation defence. It is only a defence in mitigation, not exculpation, but it harks back to the historical role of honour as a social control mechanism. The most recent controversy has been in NSW, where Yassir Hassan […]

The curse of managerialism

The ideology of managerialism (that societies are equivalent to the sum of the transactions made by the managements of organisations) must be just about the only case of an ideology whose key figure was an Australian. As Prof. James Hoopes tells it: But the main genesis of managerialism lay in the human relations movement that took root at […]

Remember, remember the 5th of November

The evening of the 5th of November just gone, I did what I have done for the last several years. I participated in the Wizard Charlie’s Guy Fawkes Night celebration. The bonfire was in a portable bbq and the guy that was burnt was small enough to fit therein. But there were sparklers and things […]