The inflation beast has been conquered but consumers have paid a high price
The inflation rate is good news for the government, but it does not guarantee either an interest-rate cut or Labor’s re-election.
The inflation rate is good news for the government, but it does not guarantee either an interest-rate cut or Labor’s re-election.
How did this bizarre situation come to pass? How is it that a country so blessed with resources, including large reserves of natural gas, can achieve such a ridiculous and costly arrangement?
The brutal truth is that successive Labor governments have failed to adequately control government spending or restrict the accumulation of debt for over two decades.
Benefits become part of people’s points of reference, including the middle class, and therefore any reduction in entitlements is deeply politically unpopular. It’s the principal reason governments find it so hard to control spending.
The US is racing ahead of Europe with very strong gains in productivity and employment. It’s shown that affordable and reliable energy is the bedrock of economic prosperity.
The reality is that the government-funded and owned NBN Co was never a good idea. It has been a commercial disaster.
One of the key issues is whether or not these figures, both the good and the bad aspects, will make any difference to the deliberations of the Reserve Bank next month. Is there enough in the data to affect their thinking?
The outgoing Canadian PM is a victim of economic crisis and his woke obsessions, a drastic fall from grace from the once beloved leader.
While the Leader of the Opposition outperforms Trudeau on many issues plaguing Canadians, the final blow was Trump’s re-election.
We’re not the only country facing low or negative productivity, but we need to work out why.
Original URL: https://www.theaustralian.com.au/author/judith-sloan/page/6