The World needs Hong Kong
… and Hong Kong needs competition.
In the Annual Index of Economic Freedom published by the Frazer Institute of Canada and the Heritage Foundation of USA Hong Kong comes out on top year after year, followed by Singapore.
Hong Kong’s famous Laissez Faire Capitalist system works. It has made Hong Kong prosperous and uniquely successful. Low taxes, predictable rule-of-law, strong property-rights, low regulation, banking privacy and a history of ‘good behaviour’ in the financial and political areas make it attractive to capital and talent.
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Catallaxy Files- Open Forum: February 11, 2012 February 10, 2012 Sinclair Davidson
- Not all recessions are caused by the Fed February 10, 2012More middle of the night blogging. My economics is classical. The almost perfect overlay of my own book can be found in a series of notes taken by Nicholas Kaldor at the LSE in 1927-29 from lectures delivered by the great American economist, Allyn Young. These notes were only published around a decade ago but [...]Steve Kates
- Where’s Romney? February 10, 2012It is quite extraordinary to watch the American political process up close. Now, I admit I have been busy and I don’t watch much of the television and do not read a lot of the press. But before I arrived the thing I did want to do was see more of Mitt Romney since from [...]Steve Kates
- inCISe
- More on PHI rebate means test February 10, 2012When I wrote in Incise yesterday, ‘Rebate should not be means tested,’ I did not expect events to move quite as quickly as they have. The government seems confident it has the numbers to get the means test through. I wouldn’t be surprised if Rob Oakshott and Andrew Wilkie have indeed swallowed the government’s nonsensical arguments, but it will be interestin […]Robert Carling
- Quiggin versus Carling and Kirchner February 9, 2012John Quiggin accuses Robert Carling and I of ‘an appalling breach of elementary standards of research’ for not acknowledging that Alberto Alesina’s work on the effectiveness of fiscal stimulus and consolidations is ‘highly controversial.’ In fact, we referenced Alesina’s work precisely because it has featured so prominently in public debate, including in the […]Stephen Kirchner
- Police going too far February 9, 2012According to an article in the Sydney Morning Herald, police are lecturing parents for letting their children walk to the shops or catch a bus on their own, with senior police saying such incidents will be reported to the Department of Community Services (DOCs) if a child is considered at risk. But when is a child ‘at risk’? One mother was told it was inappr […]Sara Hudson
- More on PHI rebate means test February 10, 2012
- IPA news
- Let European dogs lie February 9, 2012Australians will be surprised to learn that, apparently, the federal government now has responsibility to help the city of...
- It's time to bring back the thrift February 9, 2012Ted Baillieu plans to shave 3600 jobs from Victoria's bloated public service. The state of Wisconsin in the US, with a...
- We'll huff, we'll puff, we'll blow the budget into surplus February 8, 2012Bill Clinton famously said, "It's the economy, stupid". So it is. Unsuccessful politicians might be inclined to argue,...
- Let European dogs lie February 9, 2012
