On Melbourne Cup day – bet on interest rates rising. It’s a sure thing.
Our tax system is designed to favour the old over the young. The young pay income tax but, for the most part, the retired don’t.
But the resurrection of Pauline Hanson and her ratbag One Nation has changed all that, and now it’s on for young and old.
Our use of interest rates to control inflation is yet another respect in which our economic system is biased against the young.
One economist has blown the whistle on who’s keeping inflation high. It’s not the workers.
We’re often angry, sceptical and pessimistic about how our nation is being run. But right now, the research suggests, we’re despairing.
If you force them to choose, politicians will always go for rising rather than falling house prices. Why? Arithmetic.
Environmental economists came up with the idea of the offset. The Albanese government’s using the mechanism to pretend it cares about climate change.
These days no one mentions the budget deficit. But they should.
Voters are now aligning themselves with the bloc that reflects their economic experience.
