Proposed Australian superannuation changes – 1 July 2017

On 15 September 2016, Treasurer Scott Morrison and the Minister for Revenue and Financial Services Kelly Dwyer issued a joint media release announcing that the proposed $500,000 non-concessional superannuation cap policy is now scrapped. It will be replaced with an annual $100,000 non-concessional cap, that is subject to legislation from 1 July 2017. The current … Continue reading Proposed Australian superannuation changes – 1 July 2017

Vote for the Economics Party! – Mr Clifford vs Trump & Clinton

Mr Clifford recently created a video for his new economics party. He argues in the American presidential debate on why both Trump and Clinton have bad economic policies. See his video here. Two points. First, politicians shouldn’t make economically unrealistic promises. A single-payer health care system would be nice, so would free college education, lower … Continue reading Vote for the Economics Party! – Mr Clifford vs Trump & Clinton

The 4 Properties of Indifference Curves

The four properties of indifference curves: Higher indifference curves are preferred to lower ones; Indifference curves are downward sloping; Indifference curves do not cross; Indifference curves are bowed inwards; 1st property – Higher indifference curves are preferred to lower ones This is true because consumers usually prefer more of something to less of it. Where … Continue reading The 4 Properties of Indifference Curves