The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Sunday, July 10, 2011

The Carbon Tax is going to cut your wage by 5-10%...

I don't have a firm view on this issue. However, my mate the interest rate strategist--aka Ricardian Ambivalence--does. And he has highlighted this Treasury chart showing the impact of different Carbon Taxes on real wages. It looks like we are set to endure a 5-10% reduction in wages as a result of this policy. Clearly, there are many others who feel that it possesses strongly redeeming qualities. I have deliberately not entered the debate, since I don't have any expertise in climate change. But, my mate the high-profile interest rate strategist would prefer we simply saved. You can read his always controversial views here.