The only solution is to install a new treasurer who will follow the Paul Keating playbook rather than chasing Wayne Swan’s ponies and rainbows.
Governments during the GFC avoided a repeat of the 1930s crisis by listening to the spirit of Keynes. But they were armed with the insights of two economists.
Jim Chalmers is, without question, the luckiest federal treasurer in Australian history. But what do we have to show for it?
It beggars belief that it required an 18-month, Hillary-Clinton-style listening tour for the central bank to figure out that folks hate inflation
Australia’s heavy reliance on corporate tax drives an aggressive ATO ruling that treats routine digital access and distribution fees as taxable royalties.
The whole framing of the exercise as “make some assumptions and see what happens” is wrong. We need to flip the script and make it a relevant touchstone.
Since the budget, the treasurer has been doing the bare minimum to provide a sound bite aimed at silencing legitimate criticism.
As we witness the relentless rise of populist politics we need to remain vigilant about Modern Monetary Theory, which can do tremendous damage.
There’s a good case for Australia extracting benefits from AI frontier companies such as Anthropic, but we should be smart about it.
There are two reasons to doubt whether cheaper Chinese challengers such as Kimi K3 will catch up to the power of US frontier models such as OpenAI.
The RBA is no better at forecasting than the private sector astrologists at major banks masquerading as so-called “market economists”.
Kevin Warsh may be clever or he may be dumb, but don’t underestimate his cunning. Unfortunately, that cunning is doing real damage to the United States.
Exemption of major exports and renewed market certainty mean local business can thrive despite Washington’s new supply chain penalties.
The Labor Party believes that those who earn capital gains are somehow getting a free kick that is undeserved and unfair. This is a dangerous and unsafe idea.
Let’s not relitigate the capital gains tax and trusts debacle. But we could use a good dose of firm masterly inactivity right now.
It’s ironic that Trump, who railed against the prospect of Biden regulating AI through some kind of favourite-playing licensing regime, has done exactly that.
It may take a fundamental redesign of the NDIS, not just action on participant numbers and top-down funding, to deliver on its promise in a durable fashion.
Australia’s tobacco excise increases handed 80 per cent of the market to organised crime. To crush this black market, we must temporarily cut the tax to zero.
Team Albanese believe economic outcomes can be directly controlled by government. Wrong. Good economic outcomes are the product of sound fundamentals.
Not wanting to be seen as political is admirable, but this is no time for Michele Bullock and her team to go back into their shell with inflation still roaring.
