The big inflation gamble that has failed middle Australia
Like Joe Biden, Jim Chalmers and Steven Kennedy have bet the house on an economic policy dud.
Like Joe Biden, Jim Chalmers and Steven Kennedy have bet the house on an economic policy dud.
Will the Coalition’s nuclear power policy reduce or increase the price of electricity for east coast Australians?
The Treasurer had a golden opportunity to bring fiscal policy to bear in the fight against inflation. Instead his mid-year economic and fiscal outlook only reinforced the reality that his foot was on the spending accelerator.
Do we ever hear politicians criticising the exorbitant salaries of top mandarins? Of course not, because the Remuneration Tribunal uses the latter as benchmarks for the former’s pay.
The most remarkable thing about this RBA board meeting is what took place in the lead-up to it.
The Albanese government’s reflexive response to its predicament will be more spending, higher taxes and more regulation: a recipe that will not only prolong our current crisis but, if not soon reversed, could result in a lost economic decade.
There’s no doubt Albanese and Chalmers harbour an obsessive hostility towards economic rationalism, which embodies everything they resent about the Hawke-Keating era.
When Labor has taken the economic high ground and looked out for working Australians, it has always enjoyed political success. When it has surrendered to ideology and forgotten its traditional base, it has suffered.
Donald Trump’s plans in the areas of energy, taxation and reform of the federal government promise the greatest economic benefits to the US and should be looked at carefully by Australian policymakers.
Queensland now rivals Victoria as a hot-bed of shady government dealings, where a ruling clique of ministers, staffers and paid lobbyists further their private interests with little or no oversight.
Original URL: https://www.theaustralian.com.au/author/david-pearl