Delusions of Albonomics
It might be the Prime Minister’s last stand, but taxpayers be warned: the big spending era will roll on.
It might be the Prime Minister’s last stand, but taxpayers be warned: the big spending era will roll on.
The brutal truth? Cheaper money and government cash splashes won’t get us out of stagnation or make our economy more dynamic.
The Reserve Bank board’s head said hold but its heart decided to go with the national vibe craving a cut in official interest rates.
While Donald Trump is shaking up the global system, our central bank is on the verge of its own earth-shattering move.
No one can predict what Washington’s Tariff Man will do, so we have to get our house in order to prosper in a dangerous new era.
Populist ploys and woke frolics won’t cut it with an electorate under financial stress.
A return to monetary policy normal could be derailed if governments don’t rein in their big spending impulses.
Australia’s economic model and social compact will be tested in coming decades as it searches for a policy consensus that can deliver quality service and not impoverish younger workers.
With an election coming into view, poor policy choices mean Australia faces more debt, higher taxes, cuts to services and weaker growth.
The budget update reveals the growing credibility gap between what Jim Chalmers says and what he does.
Original URL: https://www.theaustralian.com.au/author/tom-dusevic