The possibility of an AI crisis is a plausible concern. Regulators need to get involved now to avoid taxpayers having to bail out speculators once again.
Inflation and excess AI investment funding are the biggest risks facing the US and other economies. They argue for moving quickly to slow the US economy.
US government debt and the size of the collateral-based non-bank financial intermediaries sector need to lose weight. This should come first.
Oligopolies and a lack of foreign investment are driving up the cost of living, yet governments on both sides of the aisle are turning a blind eye.
Europe has a different monetary policy structure that leads to less extreme outcomes compared to anglo-saxon nations.
We need to stop subsidising the sector and bring back a resource rent tax to support the real determinants of long-term growth.
The administration is exacerbating the problems left over from the pandemic, risking inflation and recession.
It remains to be seen what risk triggers Trump 2.0 will bring and what contagion might flow within and between the regulated and NBFI sectors.
Special interest groups have always been a headache for government deficits and efficiency. Now they are running Washington.
American first protectionism won’t bring manufacturing jobs back to the US. Chinese foreign investment will just increase in imports from the lower tariff countries.
Australia badly needs to diversify towards more productive industries. The politically privileged position of the mining industry is one of the obstacles.
The Western nation has not responded well to the challenges of globalisation, which is a problem that also applies to the whole of Europe.
The problem is that China isn’t just another member of the global community and bad economic policy is not punished at the ballot box.
Trying to rig economic growth by slashing interest rates ignores the forces that really decide what levels rates will be.
Favouring the wealthy over innate talent in the education system is no way to filter what a country’s human capital might have to offer.
Letting central banks prop up fiscal spending and households was an idea that should have stayed in the dustbin of history.
This country’s grip on world coking coal supplies means we are well-placed to force up prices and discourage coal use.
Beijing’s reluctance to bite the bullet on bad assets looks like an error that the whole global economy may pay for.
The French same-work, same-pay system promises equality – at the cost of a huge cohort of people left outside the labour market.
Mining might be Australia’s most profitable industry. But it can’t be the answer to the economy’s biggest problems unless it is taxed properly.
