Stage three cuts were a vital reform, not populism
Walking back from the stage three cuts both breaks a promise and foregoes an important structural reform.
Walking back from the stage three cuts both breaks a promise and foregoes an important structural reform.
Can you imagine prime minister Bob Hawke refusing to intervene in an industrial dispute that is beginning to affect a large chunk of the national economy?
For this economist, joining the discipline was about enjoying its logic and apreciating its breadth.
The surge in net overseas migration is unsustainable. Overwhelmingly, the new migrants are not skilled and the pressures on the housing market will not ease until the migrant intake is substantially reduced.
There is no excuse for overlooking the economic policy lessons of the pandemic and ignoring the risks that were being run by massively increasing government spending.
2023 has been a challenge for many Australians, particularly those with large mortgages. A central issue now is the speed at which inflation declines.
Jim Chalmers really needs to start telling the story that the fiscal salad days are over and real government spending needs to be returned to pre-pandemic levels.
It’s fine for Jim Chalmers to declare ‘responsible economic management is the government’s defining feature’, but simply saying this doesn’t make it so.
The reality is Labor is not really inclined to reduce the migrant intake significantly because of the sectional pressures being brought to bear to maintain an open-door approach.
We are witnessing a significant electoral backlash to migration across several countries. Unless the size of our migrant intake is scaled back, there is every reason to think this will happen here.
Original URL: https://www.theaustralian.com.au/author/judith-sloan/page/10