Getty Images Most people would understand the first law of economics: for every economist, there exists an equal and opposite economist.
Take Professor Ross Garnaut and me. He thinks a universal basic income is a good idea. I think it’s insane. He thinks we should have a carbon tax. I think it would destroy jobs and be pointless.
He thinks we should expand monetary and fiscal policy until we reach full employment. I think that reaching full employment can only be achieved by removing employment-hostile rules and regulations.By the way, the long-run costs of the Garnaut strategy are immense, including the […]
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