Delphic

The effect of new housing supply in structural models: a forecasting performance evaluation

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Sunday, February 4, 2024
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Key Points: 

    Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

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    Thursday, October 26, 2023
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    No, she said, highlighting the importance of alliances and reassuring that the president could handle more than one thing at a time.

    Key Points: 
    • No, she said, highlighting the importance of alliances and reassuring that the president could handle more than one thing at a time.
    • Of course, when an Australian prime minister is invited to Washington, he or she has to go.
    • The bank is usually Delphic about its intentions, and new governor Michele Bullock is showing herself a master at that game.
    • The board would receive more information before its meeting that would be important for this assessment, she said.
    • The point is, however, that whatever the government has done is for the average household only at the margin.
    • As the final treasurer in the Whitlam government, Hayden pursued budgetary rigour (in his case in the most difficult circumstances).
    • If it starts to consume the government’s support, it could eat a lot of political capital very quickly.


    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    What Socrates' 'know nothing' wisdom can teach a polarized America

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    Tuesday, April 25, 2023
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    Critics point out endless lists of what should be fixed: the complexity of the tax code, or immigration reform, or the inefficiency of government.

    Key Points: 
    • Critics point out endless lists of what should be fixed: the complexity of the tax code, or immigration reform, or the inefficiency of government.
    • But each dilemma usually comes down to polarized deadlock between two competing visions and everyone’s conviction that theirs is the right one.
    • Perhaps this white-knuckled insistence on being right is the root cause of the societal fissure – why everything seems so irreparably wrong.

    Knowing you don’t know

      • This nascent humility – “No, get out of here, I’m definitely not the wisest” – helped spark what became arguably the greatest philosophical life of all time.
      • He discovered that the sages thought they knew more than they actually did.
      • Rather, he acknowledged there were definite limitations to the knowledge he could claim.

    Provoking the powerful

      • In ancient Athens, as much as in the U.S. today, being perceived as right translated into money and power.
      • The city-state’s culture was dominated by the Sophists, who taught rhetoric to nobles and politicians, and the Poets, ancient playwrights.
      • Greek theater and epic poetry were closely related to religion, and their creators were treated as mouthpieces for aesthetic and moral truth.
      • But what remains constant is his openness to uncertainty that keeps his inquiry on the move, pushing his inquiries further and deeper.

    Paying the price

      • It’s the danger that Socrates faced when he was brought to trial for corrupting Athens’ youth – the danger to the humble skeptics themselves.
      • The first was an accusation that he taught students to make the weaker argument appear to be the stronger – which is actually what the Sophists did, not Socrates.
      • The second was that he had invented new gods – again, he didn’t do that; poets and playwrights did.
      • Socrates taught that being humble about one’s own views was a necessary step in searching for truth – perhaps the most essential one.