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Showing posts with the label economics
You’re better off than you think. (Who knew?) All the news is bad. Power prices up, wages down, interest rates up. Poverty and doom await. Or do they?
Neoliberalism: an obituary. The ideology which ruled the world’s economies for half a century has, after a long illness, finally died. Liz Truss tripped over its decaying corpse on the doorstep of 10 Downing Street.
Census delivers a big budget windfall to the small states. Almost $900 million will be transferred this financial year from the biggest states to the smaller jurisdictions. And Victoria will lose the federal seat it recently gained.
‘The economy exists within society, not vice-versa’: Saul Eslake on the GFC, debt-and-deficit and why we need to pay more tax.
Universal health care is the cheapest option. Anything less costs more. Starving the health system of money and resources is the economics of stupidity. Any savings are soon eclipsed by the massive cost to the economy, to the society and to government budgets.
Budget cuts loom as Frydenberg ramps up debt-and-deficit. Here’s why it’s bullshit.   It’s time, declared the Financial Review , to start budget repair. “The budget is spinning out of control.” It’s code, of course.
Wages from Howard to Morrison (and the $80 billion a year deficit).   Since the Howard government was elected in 1996, there has been a massive transfer of wealth from wage-earners to the owners and managers of capital.