Writer
Ross Gittins
Economics Editor, Sydney Morning Herald.
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Business should serve, not enslave
It is time for government to get the suits back under control and manage the economy for the benefit of us all. Continue reading »
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We won’t fix inflation while economists stay in denial about causes
Led on by crusading Reserve Bank governors, the nation’s economists are determined to protect us from the scourge of inflation, no matter the cost in jobs lost. Continue reading »
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Numbers fail to add up for central bankers in fight against inflation
The ground has been shifting under the feet of the world’s central bankers, including our own Dr Philip Lowe, the outgoing chief of the Reserve Bank. This has weakened the power of higher interest rates to get inflation down. Continue reading »
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Grim Reaper is catching up with the Baby Boomers, waving bills
Having witnessed the last days of my parents and in-laws, I don’t delude myself – as they did – that I’ll be able to avoid being carted off to an old people’s home. Sorry, an aged care residential facility. Continue reading »
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Big business cries poor on wages even as profits mount
Don’t believe anyone – not even a governor of the Reserve Bank – trying to tell you the Fair Work Commission’s decision to increase minimum award wages by 5.75 per cent is anything other than good news for the lowest-paid quarter of wage earners. Continue reading »
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This is the budget of a government that wants to be loved by everyone
The best word for this budget is “complacent”. There’s nothing wrong with it; it’s keeping us from getting further into trouble. But it’s doing little to deal with the many troubles we already have: the transition to renewable energy, declining home ownership, the rental crisis, and problems with Medicare and education. Continue reading »
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How squabbling pollies let miners wreck our economy
A speech by former Treasury secretary Dr Ken Henry last month was reported as a great call for comprehensive tax reform. But it was also something much more disturbing: an entirely different perspective on why our economy has been weak for most of this century and – once the present pandemic-related surge has passed – Continue reading »
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Albanese is just pretending to be tough on emissions
Labor talks the talk, but doesn’t walk the walk. Last week’s ‘‘final warning’’ from the Intergovernmental Panel on Climate Change – and the Albanese government’s refusal to be moved by it – should be a gamechanger in our assessment of Labor’s willingness to do what must be done. Continue reading »
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Lowe’s secret inflation fear: big companies’ price-setting power
Despite the grilling he got in two separate parliamentary hearings last week, Reserve Bank governor Dr Philip Lowe’s explanation of why he was preparing mortgage borrowers for yet further interest rate increases didn’t quite add up. There seemed to be something he wasn’t telling us – and I think I know what it was. Continue reading »
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Blindly following our political masters? Pearls and Irritations can help
Pearls and Irritations provides informed alternative perspectives on policy issues to those provided by the conventional-thinking mainstream media. Continue reading »
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An apology to my grandkids for not fighting in the war of our times
While I was on holiday, I noticed a tweet that left me in no doubt about the subject of my first column back. It said: “I genuinely think the next generation will not forgive us for what we have done to them and the world they will have to live in.” Continue reading »
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Better, not smaller government: confessions of an econocrat-watcher
Econocrats have spent too long struggling ineffectively to achieve smaller government, while doing little about what should be their real concern: not smaller government, but better government. Continue reading »
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Labor will struggle with deficit and debt until it raises taxes
There’s something strange about the recent federal budget. It reveals remarkably quick progress in getting the budget deficit down to nearly nothing. But then it sees the deficit going back up again. Which shows that, as my former fellow economics editor Tim Colebatch has put it, Rome wasn’t built in one budget. Continue reading »
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Why Albanese needs to protect capitalism from capitalists
One of the first things Anthony Albanese and his cabinet have to decide is whether the government will be ‘‘pro-business’’ or ‘‘pro-market’’. Continue reading »
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Planes, trains and autocues: Pollies on script with wasteful vote-buying plans
The capacity of our politicians to take a good economic policy idea and pervert it into a partisan waste of taxpayers’ money never ceases to appal. Continue reading »
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Scott Morrison’s budget report card: could do a hell of a lot better
Prime Minister Scott Morrison’s determination to win elections exceeds his commitment to businesslike management of taxpayers’ money. Continue reading »
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How flimflam politicians cultivate a culture of business greed
The outsourcing of crucial government services to private operators in the name of efficiency has often resulted in a shameless chase for profit with taxpayers left counting the cost. Continue reading »
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Why journalists have a trust problem
If there was a time when journalists had great credibility with audiences, it’s less so today. In this speech delivered to a university media seminar, The Sydney Morning Herald‘s economics editor Ross Gittins explores why. Continue reading »
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Smaller government has failed, but let’s cut taxes anyway (SMH Oct 5, 2020)
Think about this: despite a rocketing budget deficit, Scott Morrison is planning to press on with, and even bring forward, highly expensive tax cuts for high income-earners at just the time we’re realising that the 40-year pursuit of Smaller Government has been a disastrous failure. Continue reading »
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Pandemic: inconvenience for the privileged, tough luck for the poor (SMH 2.9.2020)
The popular coronavirus refrain that “we’re all in this together” is a call for everyone to pull together and be more conscious of the interests of others, not just our own. What it’s not is a statement of fact. Continue reading »
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We’ve been electing governments that damage our children’s future (SMH August 19, 2020)
One of the most dismal ideas for our youth to entertain is that their lives won’t be as comfortable as their parents’. Everyone in the older generation knows how much their lives have improved over the decades, and how much better off we are than our parents were. Continue reading »
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ROSS GITTINS.Scott Morrison,Easter and the pandemic(SMH 13.4.2020)
Since it’s Easter, let me tell you about something that’s long puzzled me: how can an out-and-proud Pentecostalist such as Prime Minister Scott Morrison be leading the most un-Christian government I can remember? Fortunately, however, the virus crisis seems to be bringing out his more caring side. Continue reading »
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ROSS GITTINS supports Pearls and Irritations.
I read the daily Pearls and Irritations email without fail and usually find various pieces I want to read. Continue reading »
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ROSS GITTINS. An economy for the common good.(SMH19.2.2020)
We have to make democracy work for the masses, not just the rich and powerful. Continue reading »
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ROSS GITTINS. Zero net carbon choice:do we want to be losers or winners?(SMH 29.1.2020)
You may regard economists as a dismal lot, always reminding us of the cost of this or the risk of that. But there’s one prominent economist with a much more positive story to tell. Continue reading »
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ROSS GITTINS Why I didn’t donate to the Rural Fire Service this time around.(SMH 1.1. 2020)
As the cast were taking their bows at the end of a show before Christmas, one of them stepped forward to say that, as we left, we’d be approached by people with buckets collecting for the NSW Rural Fire Service. Normally I’d reach for my wallet – I’d done so a few weeks earlier when Continue reading »
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Morrison is perfecting the seal on his own personal Canberra bubble. (SMH 11.12.2019)
If you think Scott Morrison’s been busy doing not very much since the election in May, you are much mistaken. In truth he’s been very busy doing stuff of not much interest to you. But sometimes it pays to take an interest in things that don’t seem of interest. Continue reading »
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ROSS GITTINS. Confessions of a pet shop galah: a lot of reform backfired (SMH 11.11.2019)
As someone who, back in the day, did his share of being one of Paul Keating’s pet shop galahs – screeching “more micro reform!” every time they saw a pollie – I don’t cease to be embarrassed by the many supposed reforms that turned into stuff-ups. Continue reading »
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ROSS GITTINS. Viking economics: How Nordic nations debunk a Scott Morrison mantra (SMH 9.10.2019)
I’d like to tell you I’ve been away working hard on a study tour of the Nordic economies – or perhaps tracing the remnant economic impact of the Hanseatic League (look it up) – but the truth is we were too busy enjoying the sights around Scandinavia and the Baltic for me to spend much Continue reading »
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ROSS GITTINS. Controversial reforms stalled until politicians win back our trust. (SMH 17.6.2019)
For those who care more about good policy than party politics, there are unpleasant conclusions to be drawn from the federal election. The obvious one is that it was a case of policy overreach leading to failure. Continue reading »
