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Keywords: Inflation

  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

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  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • ARTS AND CULTURE

    Attacks on the arts miss their value

    • Leya Reid
    • 13 October 2020
    49 Comments

    A common argument is that publicly-funded artists take unnecessarily from the ‘average Australian’. In the current international crisis, this argument fails to recognise that artists and arts workers are just as deeply impacted financially by COVID-19 as the ‘average Australian’ in other industries.

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  • ECONOMICS

    The great economic rethink?

    • David James
    • 20 August 2020
    6 Comments

    There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.

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  • ECONOMICS

    Towards full employment

    • Bree Alexander
    • 09 July 2020
    3 Comments

    What then, does the case for full employment look like? This is not just an economic question, but too of having access to a decent wage that allows all people to live a decent life.

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  • INTERNATIONAL

    Caesar Act ushers in a new phase of suffering for Syrians

    • Daniel Sleiman
    • 25 June 2020
    4 Comments

    America has lost the proxy war in Syria and is now looking at punishing ordinary Syrians for the actions of the Syrian government. The so called ‘Caesar Act’, officially known as the Caesar Syrian Civilian Protection Act, aims to cut off multilateral or direct commerce with Syria’s ruling Baath party, effectively inducing record inflation, poverty and market exclusion.

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  • ECONOMICS

    Economic stimulus to fight poverty

    • Bree Alexander
    • 25 February 2020
    2 Comments

    After taking account of housing costs, it is estimated that 3.24 million people, equating to more than one in eight people, are estimated to be living below the poverty line in Australia. For children, it is estimated to be one in six.

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  • AUSTRALIA

    Jobs key to reviving flailing economy

    • Joe Zabar
    • 18 October 2019
    3 Comments

    Treasurer Josh Frydenberg's attack on banks for failing to pass on the full rate cut to consumers is a political distraction. There are two clear signals coming out of the latest cut. First, monetary policy is not enough to spark a revival of the economy. Second, it's now all about jobs. Frydenberg and his officials would be wise to heed these signals.

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  • EDUCATION

    Better conditions, not better pay, for teachers

    • Tim Hutton
    • 14 June 2019
    9 Comments

    It's a common cry among progressives that teachers should get paid more. In some instances, this is true. What is, however, more pressing are the poor working conditions that force teachers to choose between students and their own wellbeing and lead them to leave the profession in droves.

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  • RELIGION

    Supporting those on the margins

    • Frank Brennan
    • 18 February 2019

    'We can do this better by breaking down the silos and binding together our concern for nature, justice for the poor, commitment to society, and interior peace.' Opening Keynote Address by Fr Frank Brennan SJ at the Catholic Social Services Australia National Conference, Port Macquarie 19 February 2019.

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  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ARTS AND CULTURE

    A painter's lament

    • Clotilde Lopez
    • 21 May 2018
    1 Comment

    If you listen carefully, the sound of each colour can be heard, the scrunch of each mineral discerned, each cadence, a trace of its former life, a finer distinction. Relieved of its cumbersome form, it becomes lighter and mixes with white spirit like a cocktail blast of violets, mauves and ochres, ground to a fine powder and wet with new life.

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