“The major problem in economic theory is a preoccupation with modeling for its own sake, and not asking the fundamental questions. These fundamental questions, I think, have to do with dynamics (...) and property rights” (Vernon L. Smith, 2011)

Algorithms have their limitations... "it can make horrible mistakes by not knowing what humanness is." Apple Co-Founder Steve Wozniak Explains Main Reason Why ChatGPT, AI Can Make 'Horrible' Mistakes thestreet.com/stocks/apple-c… #AI

It is interesting to reflect how dramatically positions can change. Personally, I also wonder what role stablecoins could play... RBA’s digital $A could be legislated within five years afr.com/markets/equity… #CBDCs #StableCoin #DigitalCurrency

A new form of #Money seems imminent... NAB’s stablecoin, the AUDN, deployed for instant cross-border payments afr.com/companies/fina… #stablecoins #CBDCs

"It also found that male graduates had to apply for far more jobs and attend many more interviews .... Sixty per cent of male graduates had to attend five or more interviews before being made an offer, compared with 17 per cent of females" afr.com/work-and-caree…

This is a great and thought provoking discussion on the potential downside to AI. Erik Hoel on the Threat to Humanity from AI econtalk.org/erik-hoel-on-t… #AI

The premise of this is interesting. If true, the even bigger problem will be how it will plays out across diff areas and hh types. abc.net.au/news/2023-05-0… via ABC Australia #housing #spatialeconomics #placeeconomics

Of course the RBA raised interest rates - inflation is still VERY high, running at 7%. Nobody should be surprised. afr.com/policy/economy…

The development of #Web3 ... isn’t simply a technical or financing challenge, it is also a problem of innovation and entrepreneurial discovery. #blockchain #DAO

Since 2000 we’ve had 12 ‘tax cuts’ and no increases to rates/thresholds. If you add up the ‘10 year fiscal cost’ of all of them you’d think we pay next to no tax yet we pay roughly the same rate as 2000. #bracketcreep

hmm, this is something I would not be comfortable with... Chinese city public servants to receive digital yuan salaries starting May cointelegraph.com/news/chinese-c… via Cointelegraph #cbdcs #privacy

Growth in new dwelling approvals is down. not surprising! On balance (given # of complex factors) it is likely to mean supply side shortages will become more acute. Building Approvals, Australia, April 2023 | Australian Bureau of Statistics #housingstress abs.gov.au/statistics/ind…

There are no winners! demand and supply side policy disconnect of this magnitude in this eco enviro has implications for everyone Insolvency crisis sweeps home building industry Insolvency crisis sweeps home building industry macrobusiness.com.au/2023/05/insolv… #HousingCrisis #housingstress

can't help but wonder if a levy might mean more cost pressures and therefore unintended consequences... Big W and David Jones pledge cash to tackle waste, as rest of fashion industry told to follow abc.net.au/news/2023-06-0…

Some research my colleagues and I have been doing... rmit.edu.au/news/all-news/… #pedestrians #CityofMelbourne #wfh #CBD

An interview I did earlier today... for some research that was recently presented #Pedestrians #CityofMelbourne #Economics #urban #cities

It was great to be involved in this project #property #housing #buildtorent

Government policies can disrupt economic relationships... #lockdown #diversity #industry rmit.edu.au/news/acumen/pl…

Great to be part of this narrative.

#OpenAccess #EarlyView Policy Forum article in the Australian Economic Review: Place-Based Policies and Nowcasting. ➡️ ow.ly/pYQs50POq15 Melbourne Institute Ashton de Silva