Economic policy
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Mismanagement of Australia’s monetary system
I submit that the current Australian monetary policies are not in the best interests of the population. Continue reading »
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Fundamental economic reform called for ahead of China’s Third Plenum
“The core factor causing current economic problems is not real estate but the contraction of government spending” according to David Daokui Li, Tsinghua University. “The entire government’s operational orientation needs to be changed by reforming the fiscal and tax systems and local officials’ assessment indicators to shift government incentives from investment and project-oriented policies to Continue reading »
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Guns, butter & taxes: hard choices, volatile economy
The Australian government needs to stand up against growing global protectionism and make some hard budgetary choices between guns and butter, defence and welfare, and the need to reform taxes if it is to avoid taking on too much at once in a world economy characterised by uncertainty and geopolitical tensions, and in an Australian Continue reading »
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The cost of living and housing affordability
The cost-of-living crisis mainly reflects a decline in housing affordability. A consequence is that this crisis is much worse for middle-income people, who are typically middle-aged, and who are most likely to have a substantial mortgage. Continue reading »
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Reserve Bank has squeezed us like a lemon, but it’s still not happy
Let me be the last to tell you the economy has almost ground to a halt and is teetering on the edge of recession. This has happened by design, not accident. But it doesn’t seem to be working properly. So, what happens now? Until we think of something better, more of the same. Continue reading »
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Our great leap backward in China trade ignores China specialists
Last month Prime Minister Albanese cheerfully welcomed the Chinese government’s removal of import duties on Australian wine. Continue reading »
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Labor deploys ‘security’ to protect bad policy from proper scrutiny
Politicians are increasingly using the word to justify bad policy initiatives and fend off criticism of their decisions. Continue reading »
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The great winner picking winner stopping show
In that newspaper of record of extraordinary bias – The Australian – there is much preaching about the sanctity of the market mechanism and the absolute folly of the government’s plan to subsidise investment in new industries. Such sharp economic brains have not, however, cared to admonish nor demand we terminate the massive subsidies given Continue reading »
