🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

You can read my column on the One Big Beautiful Bill in the Financial Review Weekend here.

Ronald Reagan:

This is not hard. If the OBBB is passed, debt will rise from 100% of GDP today to 124% of GDP by 2035. If it is not passed, debt will rise to 117% of GDP by 2035. The “baseline” debate is a distraction from the main issue, which is that the US budget is unsustainable either way.

Perhaps unnoticed is how DC's conservative think tanks - many of whom supported the TCJA - are nearly united in opposition to the OBBB. The cost is just too high, the policies too silly, and GOP claims (no cost, huge growth) too ridiculous. Still, some admirable independence.

Both ass ends of the horseshoe agree on the idiotic “no tax on tips” and “no tax on overtime.” Comforting that we can still all get along about some really really stupid things.

Quite the signal on US reliability as a defense partner. Will Canberra call Paris to the rescue?

Almost all of us spend all of our time trying to figure out what happened in the past.

A macro conference in God’s country. What more could you ask for?

TPC estimates that economic growth from the One Big Beautiful Bill Act (OBBBA), as passed by the House, would offset less than 10 percent of its $2.4 trillion net cost. Read more here: tpc.io/45oqW4S

You can read my column in today's Financial Review here. The greatest error of the Albanese government’s first term was failing to take economics seriously. In order for anything to get better, there is going to need to be a major change in mindset.

Australia’s independent agencies are far too consensus-based. It reinforces a ‘clubby’ and insular culture that resists challenge and change.

One thing that’s genuinely novel to me about this tax bill is that at least three major models have “dynamic” scoring estimates — estimates that account for subsequent economic growth — finding the bill to be more, not less, expensive, because higher interest costs slow growth

A terrible policy that should be a major national scandal and absolutely abhorred by the left more than anyone else is promoted unapologetically and proudly by this Labor government.

There's obviously a lot of mood affiliation going on when the hardcore neoliberals come out arguing against giving money to wealthy people but somehow they don't get a shred of credit for that position from the touchy feely types

Happy 4th of July! 🇺🇸