Front page at the Journal of Ignorance yesterday was the call for a Special Economic Zone in Northern Australia. "CAIRNS business leaders have described a renewed push for tax benefits and incentives to stimulate growth across northern Australia as a real boundary breaker" trumpeted the Journal, which then followed up with just some vague general statements from Val Schier and Stewart Christie from Advance Cairns.
The call is part of the Northern Australia Project from the free market Institute of Public Affairs. Queensland Ecconomy Watch is sceptical: "Instead of carving out regions of Australia as low-tax, low-regulation zones, we should improve tax and regulatory policy settings across the whole country." One would have thought this approach more consistent with the usual ideology of the IPA.