Now that Barnaby Joyce, Fiona Nash and three other senators have been declared invalidly elected, questions are being asked about whether close parliamentary votes still stand and decisions made by the disqualified ministers can be challenged.
As the issue has not arisen in Australia before, there is no direct judicial authority on the question. We can, however, draw some reasonable conclusions based on how the courts have dealt with analogous issues in the past.
Over the years, quite a few MPs have been disqualified at both the Commonwealth and state levels, but no-one has ever challenged the validity of a law passed in reliance on the vote of a disqualified member.
The only Australian authority is the 1907 case of Vardon…
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When called upon the think of certainties, gravity springs to mind (at least on earth). Although, for the wind industry it does tend to deliver harsh results – see above, yet another fatal collapse, this time in Lincoln, Nebraska.
Another certainty, is that once people tackle the facts, they turn against wind power with a vengeance. Tom Brewer is a Senator from Nebraska who has not just turned on the wind industry, he is determined to destroy it. Here he is doing just that, a couple of months ago.
Brewer at the Legislature: Wind energy is testament to greed
North Platte Bulletin
Sen. Tom Brewer
22 August 2017
I went to a meeting about Wind Energy in Mitchell, S.D. this week. There, I met representatives from more than a dozen South Dakota counties, a member of the South Dakota legislature, county commissioners and nearly that many people from Nebraska.
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“[the vacancy caused by Robert Wood’s disqualification] can be filled by completing the election after a recount of the ballot papers” (Re Wood, 1988)
“… s 44(i) applies until the completion of the electoral process” (Re Canavan & Ors, 2017)
With those words delivered separately across nearly thirty years, the High Court has possibly put paid to Hollie Hughes’ hopes of becoming a Senator for NSW.
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The usual, “Hurricane will raise GDP” stories are circulating and some of my free market friends are conceding the point but saying that not all rises in GDP are good.
However, there is a literature on this subject (Cowen’s third law anyone?), and the best paper I know in that literature does not find ANY positive effects of large natural disasters on GDP!
Paper is called Catastrophic Natural Disasters and Economic Growth in RESTAT 2013. Here’s a link to an earlier, ungated version.
The following is from the abstract:
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the cases studied is assessed by constructing synthetic control groups, taking advantage of the fact that the timing of large sudden natural disasters is an exogenous event. It is found that only extremely large…
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Everything (well,… most things) you know about wages 1650 -1800 is wrong. That’s a great opportunity for historians
by Judy Stephenson (University of Oxford)
My forthcoming paper in the Economic History Review (abstract available here) makes some big claims about the level of nominal and real wages in urban England before industrialization. There is an early working paper version here
Specifically, I argue that the data used for the years between 1650 and 1800 are completely wrong because the people who compiled them (who go back in some cases to the 1930s and late nineteenth century) took figures from bills for construction services rather than actual wage books. As an actual wage book from the contractor who built the South West Tower of St Paul’s shows, men were not paid these charge out rates, they were paid considerably less.
This has some big ramifications for some influential economists and…
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Here, for the first time in public, is Javier’s entire collection of massive, “consensus” climate science prediction failures. This collection is carefully selected from only academics or high-ranking officials, as reported in the press or scientific journals. Rather than being exhaustive, this is a list of fully referenced arguments that shows that consensus climate science usually gets things wrong, and thus their predictions cannot be trusted.
To qualify for this list, the prediction must have failed. Alternatively, it is also considered a failure when so much of the allowed time has passed that a drastic and improbable change in the rate of change is required for it to be true. Also, we include a prediction when observations are going in the opposite way. Finally, it also qualifies when one thing and the opposite are both predicted.
A novelty is that I also add a part B that includes…
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Superb piece by Ananth Karthikeyan in Mint.
He analyses the three demon episodes in Burma:
The demonetization of 1964
The economy, unsurprisingly, plumbed and black markets grew exponentially. The Junta, however, did not pause to reflect. They could not slow down their drive to nationalization everything without losing face and revealing their administrative naiveté. Since they jealously guarded power, they could not delegate responsibilities, install a proper financial system or curtail policies that drove galloping inflation.
Something had to give. The dictator’s mind, moulded by years in the military, now seized upon a blitz-like move. In what was meant to be a masterstroke, large denomination notes, with which the “evil capitalists and deviants” obviously hoarded their money, would be swept away.
The reasoning was as follows: the Indians and the Chinese would be the first casualties and inflation would be halted. Therefore, the people would welcome the move. All deviants who had…
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Andrew Koppleman, professor of law at Northwestern, offers a strong critique of Nancy McLean’s Democracy in Chains. The book argues that the economist James M. Buchanan was an enemy of the Brown decision and took Koch funding in an attempt to develop the intellectual tools to fight Brown. The book was discussed briefly on this blog.
On the “Balkinization” blog, Koppelman takes McLean to task, arguing that the book simply got the story completely wrong. He is not alone. There are numerous critics, ranging from personal friends of Buchanan to independent historians, who have argued that the major claims of the book are simply wrong. For example, GMU’s Phil Magness has reported on his blog that, among other things, there is ample documentary evidence that Buchanan and his colleagues did not support segregation.
Koppleman steps back and takes a look at the big picture. The problem…
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Below is very good video from the FT – here are the main points:
- Central Banks – by lowering interest rates they could make savings less attractive and spending more attractive
- After GFC low interest rate and asset purchases increased lending and avoided a global depression.
- Now the world economy is not behaving as the central bankers’ said it would
- Their theory was that with lose credit (lower interest rates) the economy would grow and inflation would rise.
- Inflation is stagnant (unlike the 1960’s – see graph below) and this is worrying as a little inflation is required to lubricate the economy. It allows prices to fall in real terms.
- The missing inflation may mean that the bankers’ theories are wrong.
- Cheap money may have encouraged high asset prices and debt levels but it may undermine the economy without doing much for growth.