The term “trickle-down economics” is nothing more than a label used by opponents of capitalism to disparage free markets, according to economist John Humphreys. Humphreys, the chief economist at the Australian Taxpayers Alliance, said despite the term being widely used, it was nowhere to be found in economics studies. “People who argue for free-market capitalism…

The term “trickle-down economics” is nothing more than a label used by opponents of capitalism to disparage free markets, according to economist John Humphreys. Humphreys, the chief economist at the Australian Taxpayers Alliance, said despite the term being widely used, it was nowhere to be found in economics studies. “People who argue for free-market capitalism…

As UK Prime Minister Liz Truss’ tax cuts come under fire from financial institutions and media outlets, one Australian economist says it is a step in the right direction, but more needs to be done to curb spending. The Truss government is backing tax cuts and reductions to stamp duty (a form of property tax)…

The Australian government’s pledge to substantially up migration may not yield the economic benefits it expects, says economist Judith Sloan. Following the Jobs and Skills Summit in early September, the Labor government announced the country would receive 195,000 new migrants per year, an increase from the previous amount of 160,000. The call for more migrants…

While the recently concluded Jobs and Skills Summit saw the prime minister announce an increase in Australia’s migration intake and nearly half a million free TAFE training positions, it failed to offer a true long-term productivity solution, according to one economist. “The first, second, and third priority of the Summit was productivity, productivity, and productivity—and…

Economist John Humphreys believes Australia’s assistant competition minister is missing the bigger picture when he blames large business for the country’s slowing economy. Humphreys, the chief economist at the Australian Taxpayers Alliance, said while Labor Minister Andrew Leigh had correctly identified the ongoing problems in the economy, his solution—to push for more Biden-era control over…