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Richard HoldenThe Conversation |
The prime minister is enabling a treasurer who relentlessly, and it must be said very effectively, whitewashes what the government is actually doing.
Anthony Albanese has spent four years in government presiding over a decline in our economic resilience in general and our supply chain resilience in...
During the pandemic there was no time to think – in this crisis, the government has more time. But will the Albanese government use that time wisely?
Forget the old playbooks; the new world order demands economic statecraft. Australia must leverage its LNG exports immediately to secure its energy...
If we can get more efficient at producing things at a faster rate than we grow, the finite resource constraints aren’t actually a constraint at all.
The mess in the Middle East is not the central bank’s fault; nor is the government’s spending. But failure to tackle inflation in the past few...
The august economist’s 250-year-old insights show he was pro-market, not pro-business. He feared crony capitalism and the misalignment of corporate...
Two addresses by central bank officials came disturbingly close to a counterfactual evaluation of suggestions by shadow Treasurer Tim Wilson.
We did the maths to prove social algorithms can be addictive. Like cigarettes or carbon, a tax on algorithms could be the key to breaking the digital...
If we’ve learnt anything in the past few years, it’s that the president says what he’s going to do and then does it. So don’t expect the...
It’s critical to get disability spending under control. If the government misses the 5 per cent target, then it will soon need to be rebuilt from...
The RBA is finally trying to fix its inflation mistakes. When will the federal government follow suit?
Parents and children deserve choice in education. But should high-fee institutions be subsidised, even if it’s only $4000 or $5000 a year for each...
Jim Chalmers must resist pressure to spend billions of dollars in the name of economic complexity. If not, it won’t be a decade of deficits we face,...
The treasurer surely gets an A for diagnosis of the problem. His market for solution is pending. But it’s not looking good so far.
If inflation doesn’t ease next year, or if it rises, the RBA will face a serious problem. If it doesn’t increase rates, the problem will worsen.
A large reduction in the capital gains tax discount would eventually hurt the budget not help it, and reduce business investment, productivity and...
As long as you’re not betting on one particular company or one particular debt offering, relax and enjoy the ride.
The warning delivered by then secretary to the Treasury John Stone in 1984 is an eerie experience. Forty years on, we face so many of the same...
Radically different narratives are required from politicians to engage with voters’ wildly different cultural perspectives, heavily influenced by...
If the government wants to get better prices at the checkout for Australian consumers, then it should be trying to foster competition.
By trying to put equal weight on full employment and price stability the central bank has been playing Russian Roulette with five bullets in the...
Will the Greens be as savvy as pragmatic everyman Kermit the Frog when it comes to gas? Or will they be like the minor muppets in the back?
The humiliating super tax backdown is the latest in a string of policies over the past three-plus years that demonstrates a profound lack of economic...
Philippe Aghion gave a rapid-fire tour de force on innovation, markets, and competition. On AI, he said past predictions of mass job destruction...
A coherent framework should be developed for deciding which industries and assets are genuinely strategic and get government financial support, and...
The lack of framework is why we have such absurd discussions about “sovereign capability” when it’s never clear what the terms even mean.
The government has abandoned a century of economic wisdom on climate change, shunning market-based solutions for costly, ineffective policies...
Evidence from across the ditch shows there have been four major channels through which zoning reform has boosted NZ construction productivity.
The idea that the Australian government will compete with OpenAI, Google, Meta, Amazon, xAI or Anthropic in the global race is flat-out delusional.
A recent proposal from the Productivity Commission raises a question – should we fear how much companies owe in the way we worry about government...
The treasurer’s “slowly, slowly catches the monkey” stuff is not going to solve the profound productivity and standard-of-living problems...
Done right the summit will be a worthy legacy for Albanese. And it would make Chalmers a genuinely “reforming treasurer”.
The studies the union group leans on to justify the idea don’t actually measure productivity. They just ask employees their self-perception of their...
Extrapolating the downward trend we’ve seen in inflation would be a mistake. Economic fundamentals point to upward pressure on prices.
Stephen Miran is a more mainstream economist than some of the other names Donald Trump floated as possibilities for the US Fed in his first term.
One way to boost investment would be to reduce the corporate tax rate to 20 per cent in 10 years’ time, while immediately allowing the expensing of...
Optionality has become a buzzword, but applying it and calculating its value is not always straightforward. Amazon seems to have cracked the code.
Jim Chalmers’ roundtable is a huge opportunity for practical, productivity-enhancing change that is long overdue. But it has to be about bold action.
Under the government’s vision of a single-payer system, we are headed for a very expensive failure to protect our children and provide choice for...
The governor needs to be the nation’s economist-in-chief, expressing a considered view about where our economy is and where it’s going.
The important thing to focus on in chief executive compensation is not how much folks are paid, but how they are paid.
Crucial though tax reform is, fixing the federation is an opportunity the treasurer has to make state governments fiscally responsible.
We must avoid following the misguided European path of innovation-killing regulation that sees every technological advance as a threat.
Thanks to the “Winner’s Curse”, winning an auction or making an acquisition is a recipe for failure if you’re not careful.
One thing both the left and right ought to be able to agree upon is that an effective market for high quality carbon credits is important.
Is significant regulation of speech required? Or can we leave it up to the “marketplace for ideas” to handle it?
There is zero chance of the new impost raising $40 billion over the next 10 years.
Just as the president and the effects of his whims are hard to predict, so too will be the Reserve’s future choices.
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