No more single desk
Despite angry farmer protests and a raft of Senate amendments, Australia’s 60-year-old monopoly system of selling bulk wheat overseas has ended.
The lower house on Monday accepted the opposition-controlled Senate amendments, bringing in to law the new wheat marketing arrangements.
Full article here.
The most disappointing thing about this reform is that we didn’t use the initiative to get a better deal during bilateral trade negotiations with the USA.
Bryan Caplan’s The Myth of the Rational Voter – A Quick Guide for Libertarians
I was recently asked by the convener of this blog, Sukrit Sabhlok, to write a piece on a 2007 book by George Mason University economist, Bryan Caplan, entitled The Myth of the Rational Voter: Why Democracies Choose Bad Policies (MRV). This book has been discussed at length amongst the economics profession (including on my own blogsite), and it is my great pleasure to revisit my thoughts on this landmark book – including, on this occasion, to explore some implications for libertarian thinkers and activists.

