What is the optimal weekly welfare spending for a country of 26 million people and a GDP over $2 trillion?

Probably about $4 billion I’d say (which is a bit over $200b per year).

I think concerns about this are mostly because people don’t understand
1) how big 2 trillion is,

Last night in Melbourne I had a brilliant discussion with former Chief Scientist Dr Alan Finkel on the energy transition.

On the 26th of June, it's Sydney's turn! Centre for Independent Studies's next 'Redouble or Rethink' is with John Anderson, Former Deputy Prime Minister.
cis.org.au/event/redouble…

Aussie public hospitals are extremely good

Some good reflections on one of the main points in The Great Housing Hijack—one man's affordable housing is another's failed investment.

Home prices kept falling for 3 years after rates started falling in 2009. fred.stlouisfed.org/graph/?g=1oXG4

One reason why Costco is so popular among working and lower middle class, especially families and the elderly. The membership program turns the store into a sanctuary from miscreants:

A must read for anyone concerned about housing supply

In the 1960 presidential election one candidate was 47 years old and the other was 43 years old.

🇺🇸 APPLE LAUNCHES ANONYMOUS TAP-TO-PAY FEATURE

As part of the AI upgrades of iOS 18, iPhone users will now be able to send and receive Apple Cash without exchanging any details.

Analysts believe the update will boost both Apple sales and the economy - permitting many to make

This looks like a frank and honest thread from Scott Phillips. Glad to read this.

Excluding shelter, inflation continues to hit around the Fed's target range of 2%.

The CPI's lagged shelter data (one-third of CPI yet only category not using real-time pricing) lifts headline CPI above 3%.

I've removed this article's paywall to improve the economic conversation on home prices and supply.

If you think the price of homes should somehow be related to the marginal cost of building them, then you MUST read this.

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fresheconomicthinking.com/p/oh-no-home-p…

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